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Investors Continue Selling Tech Stocks Ahead Of Nvidia Earnings

ASIA STOCKS
  • South Korea: South Korea experienced an outflow of $306m on Tuesday, leading to a net outflow of $1.07b over the past five trading days. Year-to-date, however, the country has accumulated substantial inflows totaling $17.08b. The recent 5-day average shows an outflow of $214m, while the 20-day average shows an outflow of $74m, and the 100-day average inflow is $46m.
  • Taiwan: Taiwan recorded an outflow of $269m on Tuesday, contributing to a net outflow of $489m over the past five trading days. Year-to-date, Taiwan has seen outflows totaling $8.35b. The 5-day average shows an outflow of $98m, while the 20-day average indicates an outflow of $93m, and the 100-day average shows an outflow of $135m.
  • India: India saw an inflow of $116m on Monday, leading to a net inflow of $1.23b over the past five trading days. Year-to-date, India has accumulated inflows totaling $2.67b. The 5-day average inflow is $246m, while the 20-day average shows an outflow of $102m, and the 100-day average remains slightly positive at $12m.
  • Indonesia: Indonesian equities recorded an outflow of $35m on Tuesday, ending a 14-day run of inflows, the region still has seen a net inflow of $411m over the past five trading days. Year-to-date, Indonesia has accumulated inflows totaling $883m. The 5-day average inflow is $82m, with a 20-day average inflow of $51m, although the 100-day average shows a small outflow of $9m.
  • Thailand: Thailand experienced an inflow of $32m on Tuesday, contributing to a net inflow of $129m over the past five trading days. Year-to-date, Thailand has seen outflows amounting to $3.44b. The 5-day average shows an inflow of $26m, while the 20-day and 100-day averages reflect outflows of $7m and $15m, respectively.
  • Malaysia: Malaysia recorded an inflow of $38m on Tuesday, contributing to a net inflow of $167m over the past five trading days. Year-to-date, Malaysia has seen inflows totaling $388m. The 5-day average inflow is $33m, while the 20-day average shows a modest inflow of $15m, and the 100-day average reflects a small inflow of $6m.
  • Philippines: The Philippines recorded an inflow of $16m on Tuesday, contributing to a net inflow of $129m over the past five trading days. Year-to-date, the Philippines has experienced outflows totaling $346m. The 5-day average inflow is $26m, aligning with the 20-day average inflow of $5m, but the 100-day average still reflects an outflow of $5m.Table 1: EM Asia Equity Flows

Table 1: EM Asia Equity Flows

YesterdayPast 5 Trading Days2024 To Date
South Korea (USDmn)-306-107217076
Taiwan (USDmn)-269-489-8348
India (USDmn)*11612292673
Indonesia (USDmn)-35411883
Thailand (USDmn)32129-3435
Malaysia (USDmn)38167388
Philippines (USDmn)16129-346
Total -4105048890
* Up to Date 26-Aug-24

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