Equity Flows Mixed, Indonesia Breaks Selling Streak

• South Korean equity markets were lower on Thursday with a $275m outflow. South Korea’s Financial Supervisory Service Governor Lee Bokhyun said his “personal desire and plan” is to see stock short selling partially resumed in South Korea in June. The 5-day average is now $65m, just below the 20-day average of $70m, although well down on the longer term 100-day average at $172m.
• Taiwan equities were lower on Friday, foreign investors bought just $92m of equities on which was well down on the $1.7b purchased on Thursday. The 5-day average now sits at $738m, well above the 20-day average at $172m and the 100-day average at $96m.
• Thailand equities were higher on Friday with foreign investors buying $23m of equities a touch below tee 5-day average. Later today we have GDP. The 5-day average now at $28m, the 20-day average $0.7m, while the 100-day average is -$18.21m.
• Indonesian equities had had their second straight day of inflows, after ending over a month straight of outflows. The 5-day average now -$18m in slightly above the 20-day average at -$43m while the 100-day average is still positive at $5.3m.
• Philippines equities were higher on Friday, with a small inflow of $0.54. Later today we have BoP Overall. The 5-day average is $10m, above the 20-day average at -$17m and the 100-day average of -$2.95m
• Indian equities have seen foreign investors sell stocks for the 11th straight session. The 5-day average now -$267m, the 20-day average is -$214m while the 100-day average is still positive but declining quickly and sits at $23m.
• Malaysian equities continue making new highs with the Malay KLCI trading above 1,600. Equity flows have been positive for the past two weeks, with just a single $2.2m outflow on Apr 9th. The 5-day average now $32m, in line with the 20-day average at $27m and above the longer term 100-day average at $0.23m.

Table 1: EM Asia Equity Flows