Macro Insights Weekly - ASEAN-6 - Go with the (portfolio) flow

ASEAN'S portfolio flows have been a mixed bag compared to positive FDI flows.
Equity markets are in red year-to-date, diverging from better-performing Northeast Asian markets and India
Catalysts such as portfolio rebalancing and a return to domestic growth themes may spur inflows.
Foreign interest in bond markets varies, driven by rate differentials and macro stability buffers.
The pace of ASEAN'S bond inflows in 2H hinges on th Fed's pivot and stable regional rates.