Reported 4 months ago
Foreign funds ended a two-month selling streak by investing $2.7 billion in Taiwanese equities in May due to renewed optimism in the artificial intelligence sector. The turnaround came as chip stocks globally gained traction following a positive outlook by AI chipmaker Nvidia Corp. Taiwan, known for its strong position in the AI industry, received the highest foreign inflows among emerging Asian countries excluding China in May, driving its stock benchmark to a record high. Despite stretched valuations, Taiwan remains a top choice for investors looking to capitalize on the AI boom.
Source: YAHOO