Asian Tech See Inflows, Thai Inflows Surge Ahead Of BoT Decision

• China equities were mixed on Tuesday, there was little in the way of market headlines or economic data. The large cap indices closed largely unchanged, while small-cap and growth indices close up over 1%. Flows via northbound connect turned positive on Tuesday with inflows of 1.1b yuan, while flows over the past week remain negative. The 5-day average is now at -0.7b, vs the 20-day average at 1.4b above the 100-day average at 0.47b yuan.
• Taiwan reversed Monday's $500m outflow, with a $550m inflow on Tuesday the largest inflow since early March, while equities surging higher to close the day up 1.85%. Taiwan CPI missed expectations coming in at 2.14%, vs 2.50% estimated. The 5-day average is now -$22m, 20-day average is now -$195m while the longer term 100-day average is $168m
• South Korean equities had $211m of foreign investor inflows now marking 13 of the past 15 trading session of inflows, and now still well above other regional markets in terms of flows. The kospi close down 0.46%, while the 5-day average is now $114m, the 20-day average is $255m above the longer term 100-day average at $187m.
• Thailand saw the largest inflow since Feb 21 and the second largest inflow 29 Dec 2022, ahead of the BoT rate decision later today, the SET closed up 1.86%, The 5-day average is $38m, vs the 20-day average at -$38m

Table 1: EM Asia Equity Flows