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ASIA STOCKS: Foreign Investors Sell Asia Tech Stocks

ASIA STOCKS

Heavy outflows from the tech heavy markets on Friday, with Taiwan seeing its largest outflow since June. Philippines has seen 8 straight sessions of outflows while Indonesia has seen 7 straight sessions of outflows. 

  • South Korea: Recorded outflows of -$625m Friday, with a 5-day total of -$1.61b. YTD flows remain positive at +$2.22b. The 5-day average is -$322m, worse than the 20-day average of -$160m and the 100-day average of -$165m.
  • Taiwan: Saw significant outflows of -$1.78b Friday, contributing to a 5-day total of -$2.24b. YTD flows remain deeply negative at -$19.56b. The 5-day average is -$448m, worse than the 20-day average of -$175m and the 100-day average of -$139m.
  • India: Posted outflows of -$93m Thursday, with a 5-day total of -$114m. YTD flows remain positive at +$615m. The 5-day average is -$23m, worse than the 20-day average of +$158m but better than the 100-day average of -$43m.
  • Indonesia: Recorded outflows of -$26m Friday, with a 5-day total of -$253m. YTD flows remain positive at +$1.11b. The 5-day average is -$51m, worse than the 20-day average of -$31m but better than the 100-day average of +$11m.
  • Thailand: Registered outflows of -$62m Friday, with a 5-day total of -$124m. YTD flows are negative at -$4.16b. The 5-day average is -$25m, worse than the 20-day average of -$22m and the 100-day average of -$9m.
  • Malaysia: Experienced outflows of -$52m Friday, with a 5-day total of -$238m. YTD flows are negative at -$913m. The 5-day average is -$48m, better than the 20-day average of -$55m but worse than the 100-day average of -$10m.
  • Philippines: Posted outflows of -$13m Friday, with a 5-day total of -$70m. YTD flows remain negative at -$412m. The 5-day average is -$14m, worse than the 20-day average of -$9m and the 100-day average of +$1m.

Table 1: EM Asia Equity Flows

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Heavy outflows from the tech heavy markets on Friday, with Taiwan seeing its largest outflow since June. Philippines has seen 8 straight sessions of outflows while Indonesia has seen 7 straight sessions of outflows. 

  • South Korea: Recorded outflows of -$625m Friday, with a 5-day total of -$1.61b. YTD flows remain positive at +$2.22b. The 5-day average is -$322m, worse than the 20-day average of -$160m and the 100-day average of -$165m.
  • Taiwan: Saw significant outflows of -$1.78b Friday, contributing to a 5-day total of -$2.24b. YTD flows remain deeply negative at -$19.56b. The 5-day average is -$448m, worse than the 20-day average of -$175m and the 100-day average of -$139m.
  • India: Posted outflows of -$93m Thursday, with a 5-day total of -$114m. YTD flows remain positive at +$615m. The 5-day average is -$23m, worse than the 20-day average of +$158m but better than the 100-day average of -$43m.
  • Indonesia: Recorded outflows of -$26m Friday, with a 5-day total of -$253m. YTD flows remain positive at +$1.11b. The 5-day average is -$51m, worse than the 20-day average of -$31m but better than the 100-day average of +$11m.
  • Thailand: Registered outflows of -$62m Friday, with a 5-day total of -$124m. YTD flows are negative at -$4.16b. The 5-day average is -$25m, worse than the 20-day average of -$22m and the 100-day average of -$9m.
  • Malaysia: Experienced outflows of -$52m Friday, with a 5-day total of -$238m. YTD flows are negative at -$913m. The 5-day average is -$48m, better than the 20-day average of -$55m but worse than the 100-day average of -$10m.
  • Philippines: Posted outflows of -$13m Friday, with a 5-day total of -$70m. YTD flows remain negative at -$412m. The 5-day average is -$14m, worse than the 20-day average of -$9m and the 100-day average of +$1m.

Table 1: EM Asia Equity Flows