Taiwan Stocks See $5 Billion Outflows as AI Hype Takes Breather

-- Taiwanese stocks are set to see the largest monthly outflow in six months as concerns grow that the market’s artificial intelligence-driven rally has reached a short-term peak.Overseas money managers withdrew $4.9 billion from local shares in April as of Monday close, Bloomberg-compiled data show. That would be the biggest net outflow since October last year. The benchmark Taiex Index has advanced less than 1% so far in April, compared to at least 6% gains in the previous two months.

With Taiwan’s dominant position in the world’s chip supply chain, its stock market performance is closely linked to the global tech cycle. While TSMC options traders have been contending with a rising wave of bearishness following the chipmaker’s market outlook cut, a positive run of earnings by the “Magnificent Seven” may help reverse sentiment.

A job applicant refused to complete an aptitude test because it "seemed like a lot of work." It cost them the job, but now the employer who admitted he was put off has come under fire. US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report saysFormula 1: Miami Grand Prix sends cease and desist letter to prevent Donald Trump fundraiser during race

"Speaking as an architect here, for the love of god, too many people think it’s acceptable to do this..."Kirsty O'Connor - WPA Pool/Getty ImagesPrince William and Kate Middleton will not meet Prince Harry when he returns to the U.K. next week as they don’t want to create unnecessary stress while she recovers from cancer, friends of the couple have told The Daily Beast.“Both sides understand each other’s position clearly now,” said one friend of the couple.

Taylor Swift and Travis Kelce Share Sweet Moment at Charity Gala in Footage Shared by Patrick Mahomes

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS Upgrades China Stocks to Overweight, Cuts Taiwan and KoreaUBS Group AG lifted China and Hong Kong stocks to overweight, citing resilient earnings despite the nation’s property and macro worries.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Global Funds Sell Most Taiwan Stocks Since 2021 Amid TSMC SlumpOverseas investors withdrew NT$85.8 billion ($2.6 billion) from Taiwan shares on Friday, as an outlook cut by heavyweight Taiwan Semiconductor Manufacturing Co. and weakness in global markets soured sentiment.
Source: BNNBloomberg - 🏆 83. / 50 Read more »