Taiwan Stocks See Sudden Reversal in Foreign Flows as TSMC Beat
This article is for subscribers only.
Foreign investors have done an about-face in their Taiwan stock investments this week, thanks to a blowout earnings result from Taiwan Semiconductor Manufacturing Co.
After withdrawing $4.5 billion from local shares through Thursday on post-election concerns and a pullback in US policy easing bets, global funds rushed back in the next day following a solid growth outlook from the chip giant, Bloomberg-compiled data showed. They scooped up $2.6 billion in equities on Friday.