PERFORMANCE ANXIETY:One analyst said foreign investors have been a major driver of the Taiwan Stock Exchange and their movements would be watched this week
Date: May 09, 2016
By: Lauly Li / Staff reporter
The TAIEX experienced a correction of nearly 3 percent last week, and foreign investors’ fund flows are likely to be key to the market’s performance this week, analysts said.
As the outlook for the international economy remained mixed and mainstream stocks on the Taiwan Stock Exchange (TWSE) seemingly lost steam, the TAIEX shed 21.53 points, or 0.26 percent, to close at 8,146.43 points on Friday.
For the whole of last week, the index dropped 2.76 percent from the previous week.
Selling last week largely came from foreign institutional investors who cashed in to move funds overseas, analysts said. [FULL STORY]