By: Central News Agency
Taipei, May 2 (CNA) Foreign institutional investors in Taiwan recorded a net fund inflow for the third consecutive month in April, registering US$1.75 billion, according to statistics released Thursday by the Financial Supervisory Commission (FSC).
In March, foreign institutional investors registered a net fund inflow of US$6.09 billion, while in February the figure was US$1.48 billion, according to FSC data.
In a hearing of the Legislature’s Finance Committee, FSC Chairwoman Wang Li-ling said that since the government opened up the local equity market to foreign institutional investment in 1990, the total net fund inflow has reached US$202.1 billion.
She forecast that the equity market will stabilize before the start of the third quarter, given the large net foreign fund inflow. [FULL STORY]