Foreign Investors Continue To Sell Taiwan Stocks

• South Korea: South Korean equities saw outflows of $327m Friday, contributing to a net outflow of $625m over the past five trading days. Foreign investors have been heavy sellers of tech stocks recently, in particular semiconductor names, or any tech firm that sells a lot into China. The 5-day average outflow is $125m, significantly lower than the 20-day average inflow of $106m and the 100-day average inflow of $113m. Year-to-date, South Korea has experienced substantial inflows totaling $18.887b.
• Taiwan: Foreign investors continue to heavily sell Taiwanese equities with a significant outflow of $2.12b Friday, this marked the largest outflow since Israel carried out a military strike on Iran and the third largest outflow for the year. This has resulted in a net outflow of $5.401b over the past five trading days. The 5-day average outflow is $1080m, considerably higher than the 20-day average outflow of $482m and the 100-day average outflow of $82m. Year-to-date, Taiwan has experienced outflows totaling $3.063b.
• India: Indian equities saw inflows of $604m Thursday, contributing to a net inflow of $1.886b over the past five trading days. The 5-day average inflow is $377m, higher than the 20-day average inflow of $278m but below the 100-day average outflow of $44m. Year-to-date, India has experienced inflows totaling $3.847b.
• Indonesia: Indonesian equities recorded inflows of $5m Friday, resulting in a net inflow of $47m over the past five trading days. The 5-day average outflow is $9m, below the 20-day average inflow of $17m and the 100-day average outflow of $8m. Year-to-date, Indonesia has experienced outflows totaling $122m.
• Thailand: Thai equities saw inflows of $8m Friday, contributing to a net inflow of $49m over the past five trading days. The 5-day average inflow is $10m, better than the 20-day average outflow of $15m and the 100-day average outflow of $25m. Year-to-date, Thailand has seen significant outflows amounting to $3.291b.
• Malaysia: Malaysian equities experienced inflows of $20m Friday, contributing to a 5-day net inflow of $159m. The 5-day average inflow is $32m, higher than the 20-day average inflow of $12m and the 100-day average outflow of $2m. Year-to-date, Malaysia has experienced inflows totaling $172m.
• Philippines: Philippine equities saw inflows of $25m Friday with a 5-day net inflow of $48m. The 5-day average inflow is $10m, better than the 20-day average inflow of $3m and the 100-day average outflow of $7m. Year-to-date, the Philippines has seen outflows totaling $471m.

Table 1: EM Asia Equity Flows