Business & Finance
Foreigners Make Record Withdrawal From Taiwan Stocks on AI Rout
Key Points
Foreigners Make Record Withdrawal From Taiwan Stocks on AI Rout Foreign outflows from Taiwanese stocks hit a record in October as a global selloff in artificial intelligence play pushed the island’s benchmark closer to a technical correction. Overseas investors sold $31.78 billion of Taiwanese shares on a net basis last month, surpassing the previous all-time high hit in March, according to data compiled by Bloomberg.
Foreigners Make Record Withdrawal From Taiwan Stocks on AI Rout
Foreign outflows from Taiwanese stocks hit a record in October as a global selloff in artificial intelligence play pushed the island’s benchmark closer to a technical correction.
Overseas investors sold $31.78 billion of Taiwanese shares on a net basis last month, surpassing the previous all-time high hit in March, according to data compiled by Bloomberg.