Emerging market inflows hit a new four-month high: Taiwan stocks maximum

Night network, network nightlife Wall Street FRANCISCO 30 afternoon news, in the week ended October 28's, emerging markets received $ 1.2 billion of foreign capital inflows, the highest level in 16 weeks。  Data provided by Jefferies showed foreign investors for the third consecutive week of net buying Asian stocks, but broader peripheral distribution。Remarkably, the first time in 13 weeks of foreign capital to enter Hong Kong, China stock market for the first three weeks to get a net inflow。  Taiwan's stock market is the main destination of foreign capital inflows, continuous flow into the fourth week, a total of $ 2.3 billion, compared to the Japanese stock market to get only $ 1.4 billion inflow of funds。  October Taiwan TAIEX index rose 4.8%。Analysts at Jefferies says Chan: "Taiwan shares recent rally driven mainly by foreign investors。"According to Bloomberg reports, the strong inflow of foreign capital, Taiwan 'central bank [microblogging]' this week to NT $ intervened to prevent further appreciation。  It is clear that Taiwan has sufficient power to remain competitive NT。In the third quarter, down 1% GDP growth in Taiwan, the main reason is the decline in exports 2.9%。In contrast, in the second quarter, exports fell "only" 1.3%。  Over the past week, tracking emerging market iShares MSCI Emerging Markets ETF (EEM) fell 4.1%。(Tony compilation)

Releated Post