ASIA STOCKS: Signs of Stability as Indian Inflows Resume.  

Dec-05 03:42
  • Following a period of outflows yesterday saw strong inflows the larger economies with India and Taiwan the main beneficiaries.
  • South Korea: Recorded outflows of -$203m yesterday, bringing the 5-day total to -$561m. YTD flows remain positive at +$4.009bn. The 5-day average is -$112m, the 20-day average is -$154m and the 100-day average of -$151m.
  • Taiwan: Experienced inflows of +$915m yesterday, with total inflows of +$1,688m over the past 5 days. YTD flows are negative at -$16.402bn. The 5-day average is +$338m, the 20-day average of -$236m and the 100-day average of -$207m.
  • India: Saw inflows of +$1,097m as of Tuesday, with a total inflow of +$294m over the previous 5 days. YTD inflows stand at +$2.896bn. The 5-day average is  +$59m, the 20-day average of -$31m and the 100-day average of -$16m.
  • Indonesia: Posted inflows of +$47m yesterday, bringing the 5-day total to -$76m. YTD flows remain positive at +$1.564b. The 5-day average is -$15m, the 20-day average is -$50m the 100-day average of +$17m.
  • Thailand: Recorded outflows of -$22m yesterday, totaling -$56m over the past 5 days. YTD flows are negative at -$3.818bn. The 5-day average is -$11m, the 20-day average of -$16m the 100-day average of -$5m.
  • Malaysia: Experienced outflows of -$6m yesterday, contributing to a 5-day outflow of -$395m. YTD flows stand at -$416m. The 5-day average is -$79m, the 20-day average of -$41m the 100-day average of -$5m.
  • Philippines: Saw outflows of -$9m yesterday, with net outflows of -$58m over the past 5 days. YTD flows are negative at -$322m. The 5-day average is -$12m, the 20-day average of -$17m the 100-day average of +$2m.

Historical bullets

RBA: A$ Up Slightly Post RBA, OIS A Touch Firmer For 2025 Dates

Nov-05 03:38

At face value the Nov RBA decision was still a somewhat hawkish hold. The central bank kept rates on hold, but stated it needs to be vigilant to upside inflation risks and isn't ruling anything in or out. More details to follow. 

  • The A$ has ticked higher, but at 0.6590/95 remains well within recent ranges. In the bond space, futures are unchanged. OIS is 1-4 bps firmer for 2025 meetings. 

RBA: Rates Unchanged At 4.35%

Nov-05 03:33

The RBA left rates at 4.35% in November as was unanimously expected by analyst surveyed by Bloomberg. It expects trimmed mean inflation to reach the top of the 2-3% target band in Q2 2025 (it was Q4 2025 in August) and the mid-point still not until Q4 2026. More details to follow.

  • See meeting statement here.

RBA BOARD REPEATS "NOT RULING ANYTHING IN OR OUT"

Nov-05 03:31
  • RBA BOARD REPEATS "NOT RULING ANYTHING IN OR OUT"