ASIA STOCKS
Outflows across the region continue, Taiwan has been by far the worst hit my foreign investors selling, with an almost $5b weekly outflow, while India is the worst ytd with an almost $15b outflow so far.
- South Korea: Recorded -$51m in outflows Thursday, bringing the 5-day total to -$1.6b. YTD flows remain negative at -$4.19b. The 5-day average is -$319m, worse than the 20-day average of -$157m and the 100-day average of -$119m.
- Taiwan: Recorded -$774m in outflows Thursday, bringing the 5-day total to -$4.86b. YTD flows remain negative at -$8.92b. The 5-day average is -$971m, significantly worse than the 20-day average of -$293m and the 100-day average of -$151m.
- India: Posted -$217m in outflows Wednesday, bringing the 5-day total to -$2.4b. YTD outflows remain heavy at -$14.93b. The 5-day average is -$481m, worse than the 20-day average of -$305m and the 100-day average of -$215m.
- Indonesia: Recorded -$2m in outflows Thursday, bringing the 5-day total to -$155m. YTD flows remain negative at -$1.32b. The 5-day average is -$31m, slightly better than the 20-day average of -$44m but worse than the 100-day average of -$32m.
- Thailand: Saw -$141m in outflows Thursday, bringing the 5-day total to -$316m. YTD flows remain negative at -$696m. The 5-day average is -$63m, worse than the 20-day average of -$20m and the 100-day average of -$19m.
- Malaysia: Posted -$38m in outflows Thursday, bringing the 5-day total to -$274m. YTD flows are negative at -$1.33b. The 5-day average is -$55m, worse than the 20-day average of -$29m and the 100-day average of -$29m.
- Philippines: Recorded +$6m in inflows Thursday, bringing the 5-day total to -$55m. YTD flows remain negative at -$255m. The 5-day average is -$11m, slightly worse than the 20-day average of -$8m and the 100-day average of -$8m.
Table 1: EM Asia Equity Flows
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