Reported 12 months ago
Following uncertainties brought by the U.S. presidential debate and latest inflation data, the market sentiment turned cautious. While major U.S. indices were relatively weak last week, emerging Asian stocks saw mixed performances, with the Philippines rising 4.1% and South Korea attracting $350 million in inflows. In the first half of 2024, South Korea led in inflows with $17.13 billion, followed by Taiwan with $4.38 billion. Taiwan stock had the strongest performance among Asian stocks with a 28.45% increase. The economic fundamentals in Taiwan remain stable, supported by the hot trend of technological innovation, making long-term bullish trends favorable for investors to position themselves in ETFs benefiting from the Taiwan stock rise. In contrast, the Vietnamese stock market saw some volatility and closed 2.9% lower last week, with expectations for economic recovery in the second half.
Source: YAHOO