Foreign Investors Sell Local Tech Stocks

• South Korea: South Korean equities saw outflows of $339m yesterday, contributing to a net inflow of $1.08b over the past five trading days. The 5-day average inflow is $216m, higher than the 20-day average of $176m and the 100-day average of $129m. Year-to-date, South Korea has experienced substantial inflows totaling $19.51b.
• Taiwan: Taiwanese equities had significant outflows of $1.32b yesterday, resulting in a net outflow of $2.40b over the past five trading days. The 5-day average outflow is $479m, higher than the 20-day average outflow of $83m and the 100-day average outflow of $22m. Year-to-date, Taiwan has accumulated inflows of $2.34b.
• India: Indian equities experienced inflows of $42m yesterday, contributing to a net inflow of $885m over the past five trading days. The 5-day average inflow is $177m, lower than the 20-day average of $286m but significantly higher than the 100-day average outflow of $35m. Year-to-date, India has seen net inflows of $2.00b.
• Indonesia: Indonesian equities recorded inflows of $77m yesterday, resulting in a net inflow of $97m over the past five trading days. The 5-day average outflow is $19m, which is a reversal compared to the 20-day average inflow of $22m and the 100-day average outflow of $6m. Year-to-date, Indonesia has experienced outflows totaling $169m.
• Thailand: Thai equities saw neutral flows yesterday, with no significant inflows or outflows, resulting in a net outflow of $87m over the past five trading days. The 5-day average outflow is $17m, slightly better than the 20-day average outflow of $32m and the 100-day average outflow of $26m. Year-to-date, Thailand has seen significant outflows amounting to $3.34b.
• Malaysia: Malaysian equities experienced neutral flows Thursday, contributing to a 5-day net inflow of $104m. The 5-day average inflow is $21m, higher than the 20-day average inflow of $2m and the 100-day average outflow of $3m. Year-to-date, Malaysia has experienced minor inflows totaling $13m.
• Philippines: Philippine equities saw inflows of $4m yesterday, with a 5-day net inflow of $4.3m. The 5-day average inflow is $1m, better than the 20-day average outflow of $2m and the 100-day average outflow of $7m. Year-to-date, the Philippines has seen outflows totaling $519m.

Table 1: EM Asia Equity Flows