Taiwan remains a standout from an inflow standpoint, with a further +$1.8bn in net inflows yesterday. This has seen the 5-day sum and 2026 to date net inflows improve further. Still if we go back to the end of Jan, net inflows since then are close to flat, hence there is still scope for further upside momentum in flows. This will have to wait though with local equities now shut for the lunar new year break. They re-open on Feb 23rd. Familiar drivers remain in play for Taiwan stocks amid tech/AI, domestic growth, optimism.
Table 1: Asian Markets Net Equity Flows
| Yesterday | Past 5 Trading Days | 2026 To Date | |
| South Korea (USDmn) | 599 | -4813 | -6040 |
| Taiwan (USDmn) | 1835 | 1930 | 3139 |
| India (USDmn)* | 35 | 808 | -1738 |
| Indonesia (USDmn)* | -42 | -142 | -742 |
| Thailand (USDmn) | 35 | 944 | 1192 |
| Malaysia (USDmn) | 72 | 133 | 379 |
| Philippines (USDmn) | 14 | 41 | 280 |
| Total (USDmn) | 2549 | -1099 | -3530 |
| * Data Up To Feb 10 |
Source: Bloomberg Finance L.P./MNI
Find more articles and bullets on these widgets:
USD/CNH is holding marginally higher, last near 6.9715/20, with some spill over higher from higher USD/JPY levels likely impacting. However, CNH/JPY continues to make fresh highs above 22.7700, with yen remaining the epicentre of FX weakness in the first part of Tuesday trade. We also had only a modest downtick in the USD/CNY fixing earlier, while the error term widen, which may also be curbing downside interest in the pair on the day. For USD/CNH we arguably need to see a shift back above 7.0000 to drive a re-assessment of near term bearish momentum.
At the Tokyo lunch break, JGB futures are weaker but above lows, -36 compared to settlement levels, as trading resumes after the long weekend.

Source: Bloomberg Finance LP