ASIA STOCKS
South Korean equities benefitted from the US looking to impose new restrictions on AI chip exports, however this news hurt Taiwan equities, which saw large outflows.
- South Korea: Recorded inflows of +$498m yesterday, contributing to a 5-day total of +$1.1b. YTD flows are also positive at +$851m. The 5-day average is +$220m, better than the 20-day average of -$43m and the 100-day average of -$135m.
- Taiwan: Saw significant outflows of -$898m yesterday, but the 5-day total remains positive at +$875m. YTD flows are slightly negative at -$92m. The 5-day average is +$175m, better than the 20-day average of -$68m and the 100-day average of -$81m.
- India: Registered outflows of -$434m Wednesday, bringing the 5-day total to -$1.1b. YTD flows are also negative at -$1.1b. The 5-day average is -$215m, worse than the 20-day average of -$151m and the 100-day average of -$42m.
- Indonesia: Posted inflows of +$2m yesterday, with the 5-day total at -$154m. YTD flows are negative at -$169m. The 5-day average is -$31m, worse than the 20-day average of -$27m but slightly better than the 100-day average of +$7m.
- Thailand: Recorded outflows of -$64m yesterday, but the 5-day total is positive at +$6m. YTD flows are negative at -$31m. The 5-day average is +$1m, better than the 20-day average of -$12m and the 100-day average of -$9m.
- Malaysia: Registered outflows of -$36m yesterday, contributing to a 5-day total of -$107m. YTD flows are negative at -$119m. The 5-day average is -$21m, matching the 20-day average of -$27m and worse than the 100-day average of -$11m.
- Philippines: Saw outflows of -$2m yesterday, bringing the 5-day total to -$28m. YTD flows are negative at -$24m. The 5-day average is -$6m, slightly worse than the 20-day average of -$5m and the 100-day average of +$1m.
Table 1: EM Asia Equity Flows
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