Foreign Investors Sell Tech Before Nvidia

• South Korea: South Korea experienced an outflow of $316m yesterday, leading to a net outflow of $1.16b over the past five trading days. Year-to-date, however, the country has accumulated substantial inflows totaling $16.76b. The recent 5-day average shows an outflow of $232m, while the 20-day average shows an outflow of $77m, and the 100-day average inflow is $37m.
• Taiwan: Taiwan recorded an outflow of $375m yesterday, contributing to a net outflow of $776m over the past five trading days. Year-to-date, Taiwan has seen outflows totaling $8.72b. The 5-day average shows an outflow of $155m, while the 20-day average indicates an outflow of $77m, and the 100-day average shows an outflow of $140m.
• India: India saw an inflow of $571m Tuesday, leading to a net inflow of $1.32b over the past five trading days. Year-to-date, India has accumulated inflows totaling $16.24b. The 5-day average inflow is $343m, while the 20-day average shows an outflow of $42m, and the 100-day average remains slightly positive at $27m.
• Indonesia: Indonesian equities recorded an inflow of $136m yesterday, contributing to a net inflow of $431m over the past five trading days. Year-to-date, Indonesia has accumulated inflows totaling $1.02b. The 5-day average inflow is $86m, with a 20-day average inflow of $52m, although the 100-day average shows a small outflow of $8m.
• Thailand: Thailand experienced an inflow of $52m yesterday, contributing to a net inflow of $159m over the past five trading days. Year-to-date, Thailand has seen outflows amounting to $3.38b. The 5-day average shows an inflow of $32m, while the 20-day average reflects an outflow of $5m, and the 100-day average shows an outflow of $15m.
• Malaysia: Malaysia recorded an inflow of $149m yesterday, contributing to a net inflow of $254m over the past five trading days. Year-to-date, Malaysia has seen inflows totaling $537m. The 5-day average inflow is $51m, while the 20-day average shows a modest inflow of $21m, and the 100-day average reflects a small inflow of $7m.
• Philippines: The Philippines recorded an inflow of $12m yesterday, contributing to a net inflow of $116m over the past five trading days. Year-to-date, the Philippines has experienced outflows totaling $334m. The 5-day average inflow is $23m, aligning with the 20-day average inflow of $6m, but the 100-day average still reflects an outflow of $5m.

Table 1: EM Asia Equity Flows