Flows Muted Ahead Of Labor Day Holiday

• South Korea: South Korea experienced an inflow of $138m on Monday, resulting in a net outflow of $954m over the past five trading days, as investors again look to offload tech stocks. Year-to-date, the country has accumulated substantial inflows totaling $16.43b. The recent 5-day average shows an outflow of $191m, which is below the 20-day average of -$78m, while the 100-day average remains positive at $31m.
• Taiwan: Taiwan recorded an outflow of $70m on Monday, contributing to a net outflow of $1.69b over the past five trading days. Year-to-date, Taiwan has seen outflows totaling $9.77b. The 5-day average shows an outflow of $338m, which is below the 20-day average of $74m, and the 100-day average of -$144m.
• India: India saw an inflow of $179m on Friday, leading to a net inflow of $2.53b over the past five trading days. Year-to-date, India has accumulated inflows totaling $18.09b. The 5-day average is $604m, well above the 20-day average of $83m, and the 100-day average remains slightly positive at $38m.
• Indonesia: Indonesian equities recorded an inflow of $77m on Monday, contributing to a net inflow of $990m over the past five trading days, we have now had 17 of the past 18 days have been inflows. Year-to-date, Indonesia has accumulated inflows totaling $1.91b almost the entirety of that coming in August. The 5-day average inflow is $198m, above the 20-day average of $94m, and well above the 100-day average of $1m.
• Thailand: Thailand experienced an outflow of $43m on Monday, resulting in a net outflow of $25m over the past five trading days. Year-to-date, Thailand has seen outflows amounting to $3.49b. The 5-day average shows an outflow of $5m, compared to the 20-day average of -$8m, and the 100-day average of -$16m.
• Malaysia: Malaysia recorded an inflow of $96m on Monday, contributing to a net inflow of $347m over the past five trading days. Year-to-date, Malaysia has seen inflows totaling $696m. The 5-day average inflow is $69m, above both the 20-day average of $28m and the 100-day average of $9m.
• Philippines: The Philippines recorded an inflow of $7m on Monday, resulting in a net inflow of $46m over the past five trading days. Year-to-date, the Philippines has experienced outflows totaling $316m. The 5-day average inflow is $9m, above both the 20-day average of $8m and the 100-day average of -$5m.

Table 1: EM Asia Equity Flows