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Taiwan leads Asian stocks as foreign funds return
Foreign investors are showing renewed interest in Asian stocks, particularly in Taiwan, according to a report released on December 25. In the week of December 18 to 22, foreign funds flowed back into Asian stocks, with the Taiwan Stock Exchange attracting NT$643 million. South Korea also saw an influx of NT$602 million. South Korean stocks performed the best, increasing by 1.4%, followed closely by Thailand with a 1.01% increase. Indonesia, the Philippines, and Vietnam also experienced positive growth. However, Taiwan’s stocks unexpectedly fell by 0.44%, despite being favored by foreign investors. India’s stock market also dropped by 0.53% for the week. In terms of overall performance in 2023, Taiwan’s stocks related to the AI supply chain surged 24.47%, surpassing the gains made by India (16.87%) and South Korea (16.24%). Looking ahead, PGIM noted that Taiwan’s industry has already hit bottom, with November’s export orders totaling US$50.63 billion, driven by emerging technologies such as high-performance computing and artificial intelligence.2023/12/26 13:54 -
Hou Yu-ih taking account of Taiwan’s best interests
Kuomintang (KMT) presidential candidate Hou Yu-ih visited the Shihlin Hulu Temple and emphasized that regardless of who becomes president, they must act in Taiwan’s best interest. Independent candidate Terry Gou and Taiwan People’s Party (TPP) nominee Ko Wen-je also attended the event. Hou highlighted his 43-year career in the police force, defending the Republic of China and all citizens of Taiwan. Gou emphasized peace across the Taiwan Strait and facilitating Taiwan’s economic prosperity. Ko thanked Gou for his assistance during his tenure as mayor and visited the temple to pray for national peace.2023/11/03 20:28