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Flows Into Asian Equities Dominated By Tech Names

ASIA STOCKS
  • South Korean equities were higher on Tuesday (Kospi up 0.72%, Kosdaq unchanged). Flows were above average with just a decent $466m inflow more than covering the $100m outflow on Monday. The past 5 session have now netted a total inflow of $3.14b. The 5-day average is $628m, above both the 20 day average of $18m and the longer-term 100-day average at $155m.
  • Taiwan equities were higher on Tuesday with a strong inflow of $530m. 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 $45m.
  • Thailand equities were slightly higher on Tuesday. Foreign investors continue to sell equities as we now have marked the 19 straight session of selling for a total outflow of $999m with $245m of that coming in the past 5 sessions. The 5-day average is now -$49m, below both the 20-day average at -$49m and the 100-day average at -$24.5m.
  • Philippines equities were lower on Tuesday, and now trades at YTD lows. Foreign investors have been better sellers of equities recently, the past 5 sessions have seen a net outflow of $26.5m. The 5-day average is now -$5.3m, slightly above the 20-day average at -$10.45m, but inline with the long term average at -$5.62m

Table 1: EM Asia Equity Flows

YesterdayPast 5 Trading Days2024 To Date
South Korea (USDmn)466222716365
Taiwan (USDmn)53131434600
India (USDmn)**3871150-2999
Indonesia (USDmn)**-44-44-423
Thailand (USDmn)-47-245-2823
Malaysia (USDmn) **-1243-3
Philippines (USDmn)-4-26.4-485
Total 1275624714232
** Up to 14th June

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