Foreigners retreat from Asian equities on doubt over tech valuations
Taiwan
Overseas investors aggressively withdrew from Asian tech stocks in August, as they turned pricey after their recent rally and doubts emerged about the profitability of AI investments. According to LSEG data, foreigners sold a net $3.8 billion worth of regional shares in South Korea, India, Taiwan, Indonesia, Vietnam, Thailand, and the Philippines last month, after two months of net purchases in a row. "The month (August) has seen the outperforming tech sector trailing behind the rest in terms
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