Foreign Investors Continue Selling Taiwan Equities

• South Korea: South Korean equities saw inflows of $72m yesterday, contributing to a net inflow of $541m over the past five trading days. The 5-day average inflow is $108m, slightly lower than the 20-day average of $162m but higher than the 100-day average of $122m. Year-to-date, South Korea has experienced substantial inflows totaling $19.61b.
• Taiwan: Taiwanese equities had significant outflows of $267m yesterday, resulting in a net outflow of $2.22b over the past five trading days. Recent trend in Taiwan equities is negative and is the worst market in the region, flows could be linked to profit taking in TSMC after the stock has rally 80% this year, and concerns around what a Trump Presidency will have on the local market. The 5-day average flow is -$444m, considerably lower than the 20-day average of -$147m and the 100-day average -$25m. Year-to-date, Taiwan has accumulated inflows of $1.65b.
• India: Indian equities experienced inflows of $399m Monday, contributing to a net inflow of $1.52b over the past five trading days. The 5-day average is $306m, similar to the 20-day average of $302m and significantly higher than the 100-day average of -$41m. Year-to-date, India has seen net inflows of $3.04b.
• Indonesia: Indonesian equities recorded outflows of $33m yesterday, resulting in a net inflow of $79m over the past five trading days. The 5-day average is -$16m, below the 20-day average inflow of $14m and the 100-day average -$7m. Year-to-date, Indonesia has experienced outflows totaling $194m.
• Thailand: Thai equities saw outflows of $2m yesterday, contributing to an outflow of $86m over the past five trading days. The 5-day average is -$17m, slightly better than the 20-day average -$27m and the 100-day average of -$25m. Year-to-date, Thailand has seen significant outflows amounting to $3.35b.
• Malaysia: Malaysian equities experienced inflows of $14m yesterday, contributing to a 5-day net inflow of $176m. The 5-day average inflow is $35m, higher than the 20-day average inflow of $5m and the 100-day average outflow of -$2m. Year-to-date, Malaysia has experienced minor inflows totaling $97m.
• Philippines: Philippine equities saw inflows of $5m yesterday, with a 5-day net inflow of $6.5m. The 5-day average inflow is $1m, better than the 20-day average outflow of -$1m and the 100-day average outflow of -$7m. Year-to-date, the Philippines has seen outflows totaling $514m.

Table 1: EM Asia Equity Flows