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Foreigners Make Record Withdrawal From Taiwan Stocks on AI Rout

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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.
Taiwan (LOCATION) Taiwanese (ORG) Bloomberg (ORG)
Originally published by Bloomberg Markets Read original →