Foreigners Record Withdrawal from Taiwan Stocks Amid AI Rout
Foreign investors net sold a record $31.78 billion of Taiwan stocks in October, surpassing the previous record set in March, while the benchmark index fell more than 10% from its October 6 record high. TSMC reported a 68.7% year-on-year rise in third-quarter net profit and raised fourth-quarter revenue guidance to $52.3-54.3 billion, yet the sell-off continued as local institutions also sold. It matters because Taiwan, where TSMC accounts for over 40% of exchange market value, is seen as the purest liquid proxy for the AI trade, so a record outflow there signals widening doubts about whether huge AI spending will pay off.
SOURCES
- Hacker News (AI)2026-11-02 14:15