FX Insights: Foreign Exchange - Asia ex-Japan

Research evidence excerpt

FX Insights: Foreign Exchange - Asia ex-Japan

Global Markets Research

29 June 2026FX Insights

Foreign Exchange - Asia ex-Japan

Research AnalystsInflows into US equities slowed amid volatility in

Asia FX Strategyglobal tech/AI stocks

Craig Chan - NSL

• Foreign inflows into US-focused funds totaled USD1.3bn between 19 and 25 June and craig.chan@nomura.com

were predominantly allocated into equity funds. +65 6433 6106

Wee Choon Teo - NSL • Inflows into US-focused equity funds totaled USD1.4bn between 19 and 25 June, weechoon.teo@nomura.com

slowing notably from USD3.9bn in the previous week. +65 6433 6107

• Inflows into EM-focused ETFs remained steady at USD1.8bn between 19 and 25 Vicky Chen - NSL

June, following inflows of USD1.9bn in the previous week. vicky.chen1@nomura.com

+65 6433 6540

• Korea’s retail investors net bought a mere USD49mn of US portfolio assets between

22 and 26 June, down from a larger purchase of USD990mn in the previous week. Manthan Shingala - NSL

manthan.shingala1@nomura.com

• Taiwan's investors net bought USD61mn of USD-denominated bond funds between +65 6433 6427

22 and 29 June, after net selling of USD95mn in the previous week.

Fig. 1: Summary of flows into US securities

Foreign investments in US- Taiwan investments

EM-focused ETFs Korea retail investments

focused funds (ETF and MF) in local ETFs

US Equity US USD-denominated

USD mn US Bonds Total Bond funds Total US Bonds Total

Equities funds Equities Bonds

Latest week (5 sessions) 1,445 -152 1,294 1,457 357 1,814 25 25 49 61

Previous week (previous 5 sessions) 3,897 -114 3,783 1,566 375 1,941 836 154 990 -95

Monthly flow in June 11,480 -813 10,667 2,247 624 2,871 871 -114 757 -1,088

Monthly flow in May 8,770 767 9,537 2,434 51 2,485 -940 372 -568 176