Taiwan stocks become the largest cash machine for foreign investment! Since 2023, Taiwan stocks have been the strongest in Asia, rising 19.35%, but they have become the “biggest ATM” for foreign investment! According to statistics, the most profitable Asian stock this year is India, which has been over-bought by foreign investors by US$11.46 billion, followed by South Korea with US$5.37 billion. The most oversold stocks were Taiwan stocks with US$5.73 billion, followed by Thailand with US$5.22 billion. Dollar.
Taiwan stocks become the largest cash machine for foreign investment! This year, sales exceeded US$5.7 billion, ranking first among Asian stocks. File photo: Central News Agency (CNA)
U.S. government bond yields have fallen back and consolidated recently, and global stock markets have regained their vitality. Emerging Asian stocks rose more than fell last week, with the Philippines rising the most at 2.9%, followed by Vietnam with a 2.3% increase, and South Korea with a 1.7% increase. Taiwanese stocks also rose by 1.1%, marking two consecutive red weeks.
In addition, from the perspective of capital flow, foreign investors bought and sold Asian stocks last week. Among them, foreign investors bought more than South Korea by US$1.29 billion last week, making South Korea the stock market with the largest net inflow of funds among emerging Asian stocks. Moreover, foreign investors bought more than Taiwanese stocks by US$700 million. The U.S. dollar was oversold in India, Thailand, Indonesia, and Vietnam, with India being the most oversold by over $280 million.
Taiwan stocks become the largest cash machine for foreign investment! Sell while taking advantage of the rise, surpassing Taiwan stocks and ranking first among Asian stocks.Picture/Provided by CITIC Investment
The most profitable Asian stock this year has been India, which has been overbought by foreign investors at US$11.46 billion, followed by South Korea at US$5.37 billion. Taiwanese stocks were the most oversold at US$5.73 billion, followed by Thailand at US$5.22 billion. Since 2023, Asian stocks have been the strongest with Taiwan stocks rising 19.35%, followed by Vietnam’s 9.39% and South Korea’s 7.75%, but Thailand’s 16.73% decline was the weakest, followed by the Philippines’ 6.61% decline.
Prudential Liao Pingkun: Technology stocks led to gains in Taiwan stocks today, optimistic about AI servers as the most promising growth driver
PGIM Prudential New Century Fund Manager Liao Bingkun pointed out that last week’s leading wafer manufacturers announced outstanding financial reports, which led to today’s rally in Taiwanese stocks, led by electronic stocks. The electronics index rose 1.46% today, and the semiconductor index rebounded by 2.39%. In addition, the market It is reported that Huida is now targeting the Chinese market and launching three improved versions of chips developed for China. It is expected to be mass-produced by the end of the year, which is conducive to the overall investment sentiment in the AI supply chain. This wave of retracement has seen the rise of the AI community relative to previous highs. There is still some distance to go, and we are optimistic that the AI supply chain will have mid- to long-term layout opportunities after the stock price has recently been moderately corrected, with AI servers as the long-term growth driver of the industry.
CITIC Zhang Guihui: The soft landing of the US economy adds momentum to the rise of Taiwan stocks
Zhang Guihui, manager of CITIC Growth High Dividend (00934), said that although Taiwan stocks retreated along with U.S. stocks last Friday, it still did not affect the full-week performance. It had two consecutive red weeks and the market continued to pay attention to corporate financial reports and the U.S. Federal Reserve (Fed). information. Overall, Taiwan’s economy is slowly recovering, and the U.S. economy has a high chance of heading for a soft landing, adding momentum to Taiwan’s stock market outlook.
Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media. From the Web1.0 bubble in 2000 to the Meta Yuanverse Web3.0, he has witnessed the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and is everywhere. No matter how difficult financial knowledge is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money will not care about you.
2023-11-13 08:34:12
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