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Foreign Investors Sell Equities On Monday, Volumes Low

ASIA STOCKS
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  • South Korean equity markets were higher on Monday, although we have marked two-days of outflows. The past five days we have seen an inflow of $185m. This week the focus will be on the BOK rate decision on Thursday. The 5-day average is now $36m, just below the 20-day average of $75m, although well down on the longer term 100-day average at $173m.
  • Taiwan equities were little changed on Monday, foreign investors sold $228m of equities, although over the past 5-days we have had a total inflow of $2.98b. This week the focus will be on the unemployment rate and Industrial Production due out later this week. The 5-day average now sits at $597m, well above the 20-day average at $298m and the 100-day average at $83m.
  • Thailand equities were lower on Monday, foreign investors bought $2.9m of equities which is below the short-term average. On Monday, we had GDP data that was well above consensus, however still below Q4. The 5-day average now at $23m, the 20-day average $1.28m, while the 100-day average is -$17.75m.
  • Indonesian equities were lower on Monday although have now marked three days of inflows, after over a month straight of outflows. Focus this week will be on the Bank Indonesian rate decision on Wednesday. The 5-day average now $9m and now above the 20-day average at -$41m while the 100-day average is still positive at $5.8m.
  • Philippines equities were higher on Monday, flows recently have been mixed, for a total outflow of $11.37m over the past 5-days. This week the calendar is light with just the Budget Balance on Thursday. The 5-day average is -$2.3m, above the 20-day average at -$17.5m and the 100-day average of -$3.05m
  • Malaysian equities were again higher on Monday, and continue to make new highs. Flows over the past week have been positive for a total inflow of $187m. This week we have Foreign Reserves and CPI. The 5-day average now $37.22m, now above the 20-day average at $30m and well above the longer term 100-day average at $0.686m.

Table 1: EM Asia Equity Flows

YesterdayPast 5 Trading Days2024 To Date
South Korea (USDmn)-4718515176
Taiwan (USDmn) -22829864241
India (USDmn)*-75-1336-3343
Indonesia (USDmn)144564
Thailand (USDmn)3115-1823
Malaysia (USDmn) *581863
Philippines (USDmn)-350.5-281
Total -279223214037
** Data Up To Apr 17th
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  • South Korean equity markets were higher on Monday, although we have marked two-days of outflows. The past five days we have seen an inflow of $185m. This week the focus will be on the BOK rate decision on Thursday. The 5-day average is now $36m, just below the 20-day average of $75m, although well down on the longer term 100-day average at $173m.
  • Taiwan equities were little changed on Monday, foreign investors sold $228m of equities, although over the past 5-days we have had a total inflow of $2.98b. This week the focus will be on the unemployment rate and Industrial Production due out later this week. The 5-day average now sits at $597m, well above the 20-day average at $298m and the 100-day average at $83m.
  • Thailand equities were lower on Monday, foreign investors bought $2.9m of equities which is below the short-term average. On Monday, we had GDP data that was well above consensus, however still below Q4. The 5-day average now at $23m, the 20-day average $1.28m, while the 100-day average is -$17.75m.
  • Indonesian equities were lower on Monday although have now marked three days of inflows, after over a month straight of outflows. Focus this week will be on the Bank Indonesian rate decision on Wednesday. The 5-day average now $9m and now above the 20-day average at -$41m while the 100-day average is still positive at $5.8m.
  • Philippines equities were higher on Monday, flows recently have been mixed, for a total outflow of $11.37m over the past 5-days. This week the calendar is light with just the Budget Balance on Thursday. The 5-day average is -$2.3m, above the 20-day average at -$17.5m and the 100-day average of -$3.05m
  • Malaysian equities were again higher on Monday, and continue to make new highs. Flows over the past week have been positive for a total inflow of $187m. This week we have Foreign Reserves and CPI. The 5-day average now $37.22m, now above the 20-day average at $30m and well above the longer term 100-day average at $0.686m.

Table 1: EM Asia Equity Flows

YesterdayPast 5 Trading Days2024 To Date
South Korea (USDmn)-4718515176
Taiwan (USDmn) -22829864241
India (USDmn)*-75-1336-3343
Indonesia (USDmn)144564
Thailand (USDmn)3115-1823
Malaysia (USDmn) *581863
Philippines (USDmn)-350.5-281
Total -279223214037
** Data Up To Apr 17th