TAIPEI (TVBS News) — Foreign investors are once again focusing on Asian stocks, led by Taiwan, according to a report released on Monday (Dec. 25).
From Dec. 18 to 22, foreign funds flowed back into Asian stocks, with the Taiwan Stock Exchange attracting NT＄643 million and South Korea bringing in NT＄602 million, according to corporate statistics.
Last week, South Korean stocks increased by 1.4%, performing the best, closely followed by Thailand with a 1.01% increase. Indonesia, the Philippines, and Vietnam also maintained positive growth.
By contrast, Taiwan's stocks, favored by foreign investors, unexpectedly fell by 0.44%, while India's stock market dropped by 0.53% for the week.
Looking at the overall performance of Asian stocks in 2023, stocks related to the AI supply chain in Taiwan have surged 24.47%, far ahead of the 16.87% and 16.24% gains made by India and South Korea, respectively.
Looking ahead, PGIM, an investment management company, noted that Taiwan's industry has already hit bottom. November's export orders totaled US＄50.63 billion, primarily driven by emerging technologies such as high-performance computing and artificial intelligence.