Taiwan Stocks Suffer Third-Largest Foreign Selloff as Korea Tumbles

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Foreign investors are withdrawing from the Korean stock market, selling off a volume of stocks four times higher than in Taiwan. The realization of foreign exchange gains due to the strong won and China's pursuit of the semiconductor industry are analyzed as the main causes. Domestically, the KOSPI index is showing weakness due to a shortage of supply entities to absorb the foreign selling pressure, resulting from the end of share buybacks and a…

大纪元 Epoch Times

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Taipei stock market opened lower and continued to decline on the 13th, closing down 960.65 points at 48341.31, a drop of 1.95%, with a turnover of NT$1.125006 trillion. The expanding capital needs of the AI industry drew market attention, and coupled with the fourth consecutive day of losses in the Philadelphia Semiconductor Index on Monday, and weakness in Japanese and South Korean stocks on the 13th, heavy selling pressure weighed on the Taiwa…