ASIA STOCKS: Decent Day of Inflows as Tariff Headlines Dominate
Ahead of a Potentially Volatile Period as the tariff deadline approaches, inflows returned yesterday.
- South Korea: Recorded inflows of +$206m yesterday, bringing the 5-day total to +$285m. 2025 to date flows are -$8,977. The 5-day average is +$57m, the 20-day average is -$35m and the 100-day average of -$75m.
- Taiwan: Had inflows of +$35m yesterday, with total inflows of +$1,054 m over the past 5 days. YTD flows are negative at -$3,190. The 5-day average is +$211m, the 20-day average of +$397m and the 100-day average of -$7m.
- India: Had inflows of +$323m as of the 7th, with total inflows of +$141m over the past 5 days. YTD flows are negative -$8,014m. The 5-day average is +$28m, the 20-day average of +$126m and the 100-day average of +$8m.
- Indonesia: Had outflows of -$60m yesterday, with total outflows of -$203m over the prior five days. YTD flows are negative -$3,483m. The 5-day average is -$41m, the 20-day average -$23m and the 100-day average -$33m.
- Thailand: Recorded inflows of +$5m yesterday, with outflows totaling -$73m over the past 5 days. YTD flows are negative at -$2,433m. The 5-day average is -$15m, the 20-day average of -$15m and the 100-day average of -$21m.
- Malaysia: Recorded outflows as of -$2m yesterday, totaling -$36m over the past 5 days. YTD flows are negative at -$2,738m. The 5-day average is -$7m, the 20-day average of -$11m and the 100-day average of -$20m.
- Philippines: Recorded outflows of -$3m yesterday, with net inflows of +$28m over the past 5 days. YTD flows are negative at -$549m. The 5-day average is +$6m, the 20-day average of -$2m the 100-day average of -$5m.
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CHINA PRESS: China Vows to Enhance Dialogue On Rare Earth Export Control
China has approved a number rare earth export applications and will enhance communication with relevant countries, a spokesperson from the Ministry of Commerce said on Saturday. The ministry emphasised that implementing controls on rare earths, which have both civilian and military applications, aligns with international practices. The ministry was willing to establish a green channel and accelerate approvals to European Union firms. (Source: Securities Times)
CHINA PRESS: Shenzhen To Boost Consumption Further
Shenzhen has launched 39 measures to expand consumption, ranging from boosting residents’ income to increasing the high-quality supply of goods and services, Yicai.com reported. Eligible university graduates who move to Shenzhen for employment can obtain subsidies of up to CNY30,000, CNY50,000 and CNY100,000, alongside increased maternity and childcare benefits. The city will also reduce restrictions on car purchases and usage, and reward AI enterprises for launching tech products, the newspaper said.
CHINA PRESS: Yicai Economist Index Rises In June
The Yicai Chief Economist Confidence Index reached 50.50 in June, returning above the 50 boom-bust line after May’s 49.84, the news agency has reported. Economists expected an increase in domestic prosperity after the Geneva talks paused the Sino-US tariff game. Lian Ping, chief economist at Guangkai, said the short-term external environment has improved and the downward pressure on exports may be less than expected. Participants expected China’s trade surplus to reach USD97.1 billion in May, with exports up 4.97% y/y and imports falling 0.61% y/y. Total retail sales were anticipated to rise 5.48% y/y, down from 5.1% y/y last month due to high base effects, according to Wen Bin, chief economist at Minsheng Bank.
