-- 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.
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"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.
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