Equity Flows Muted, As Majority Of  Regions Closed Monday

• South Korean equities were lower on Monday, (Kospi down 0.52%, Kosdaq down 0.37%). Flows were muted with just a small $99m outflow , the past 5 session now netting a total inflow of $1.61b. The Kospi have now failed three times since March to trade above 2,780, with focusing turning to PPI on Friday. The 5-day average is $321m, above both the 20 day average of $34mm and the longer-term 100-day average at $150m.
• Taiwan equities were unchanged on Monday with a small inflow of $73m. The Taiex continues to make new all time highs. The past 5 session's seeing a total inflow of $1.5b with the 5-day average now $304m, above both the 20-day average at $20m, while the 100-day average is just $40m.
• Thailand equities were again lower on Monday, down 0.76% and off 1.67% for the past 5 sessions. Foreign investors continue to sell equities as we now have marked the 18 straight session of selling for a total outflow of $951m with $285m of that coming in the past 5 sessions. The Thai SET continues to make new lows and we now trade back at Dec 2020 levels. The 5-day average is now -$57m, below both the 20-day average at -$46m and the 100-day average at -$25m.
• Indonesia, Philippines, India & Malaysia were closed for Public Holiday on Monday

Table 1: EM Asia Equity Flows