Foreign institutional investors reported a net fund inflow of US$1.878 billion last month after a net outflow of US$2.03 billion in May, Financial Supervisory Commission data showed.
Foreign institutional investors appeared keen to move funds into Taiwan last month, when rising optimism toward a possible solution to trade disputes between the US and China prompted foreign investors to buy into Taiwanese equities, pushing the TAIEX up 232.34 points, or 2.21 percent, after a 4.28 percent decline the preceding month.
Foreign institutional investors bought a net NT$52.40 billion (US$1.68 billion) worth of shares on the main board, as well as registering net purchases of NT$12.01 billion shares on the over-the-counter market, it added.
Due to the large foreign fund inflow and the net buying in local equities, the New Taiwan dollar appreciated by NT$0.54, or 1.71 percent, against the US dollar, triggering the central bank to intervene to try to cap the appreciation.
There was a net outflow of US$4 million for Chinese institutional investors, commission data showed.
In the first six months of this year, foreign institutional investors recorded a net fund inflow of US$11.72 billion, the data showed.
However, Chinese institutional investors registered a net fund inflow of US$185 million, the data showed.
Since the government lifted a ban on foreign institutional investment in the local bourse at the end of 1990, a US$209.24 billion in foreign net fund inflow into Taiwan has been recorded, the commission said.
GROWING OWINGS: While Luxembourg and China swapped the top three spots, the US continued to be the largest exposure for Taiwan for the 41st consecutive quarter The US remained the largest debtor nation to Taiwan’s banking sector for the 41st consecutive quarter at the end of September, after local banks’ exposure to the US market rose more than 2 percent from three months earlier, the central bank said. Exposure to the US increased to US$198.896 billion, up US$4.026 billion, or 2.07 percent, from US$194.87 billion in the previous quarter, data released by the central bank showed on Friday. Of the increase, about US$1.4 billion came from banks’ investments in securitized products and interbank loans in the US, while another US$2.6 billion stemmed from trust assets, including mutual funds,
AI TALENT: No financial details were released about the deal, in which top Groq executives, including its CEO, would join Nvidia to help advance the technology Nvidia Corp has agreed to a licensing deal with artificial intelligence (AI) start-up Groq, furthering its investments in companies connected to the AI boom and gaining the right to add a new type of technology to its products. The world’s largest publicly traded company has paid for the right to use Groq’s technology and is to integrate its chip design into future products. Some of the start-up’s executives are leaving to join Nvidia to help with that effort, the companies said. Groq would continue as an independent company with a new chief executive, it said on Wednesday in a post on its Web
JOINT EFFORTS: MediaTek would partner with Denso to develop custom chips to support the car-part specialist company’s driver-assist systems in an expanding market MediaTek Inc (聯發科), the world’s largest mobile phone chip designer, yesterday said it is working closely with Japan’s Denso Corp to build a custom automotive system-on-chip (SoC) solution tailored for advanced driver-assistance systems and cockpit systems, adding another customer to its new application-specific IC (ASIC) business. This effort merges Denso’s automotive-grade safety expertise and deep vehicle integration with MediaTek’s technologies cultivated through the development of Media- Tek’s Dimensity AX, leveraging efficient, high-performance SoCs and artificial intelligence (AI) capabilities to offer a scalable, production-ready platform for next-generation driver assistance, the company said in a statement yesterday. “Through this collaboration, we are bringing two
Even as the US is embarked on a bitter rivalry with China over the deployment of artificial intelligence (AI), Chinese technology is quietly making inroads into the US market. Despite considerable geopolitical tensions, Chinese open-source AI models are winning over a growing number of programmers and companies in the US. These are different from the closed generative AI models that have become household names — ChatGPT-maker OpenAI or Google’s Gemini — whose inner workings are fiercely protected. In contrast, “open” models offered by many Chinese rivals, from Alibaba (阿里巴巴) to DeepSeek (深度求索), allow programmers to customize parts of the software to suit their
RSS