Net outflows reverse after short-selling restrictionsStaff writer, with CNAForeign institutional investors registered net fund inflows last month, reversing four consecutive months of net fund outflows, after the Financial Supervisory Commission introduced restrictions on short selling on the stock market at the beginning of the month. Data compiled by the commission showed foreign institutional investors recorded US$456 million in net fund inflows last month after US$577 million in net fund outflows in September. In a rush to park funds in US dollar denominated assets, foreign institutional investors recorded US$22.02 billion in net fund outflows in the first 10 months of this year. From January to last month, foreign institutional investors sold a net NT$1.19 trillion (US$36.97 billion) on the local equity market, the commission said. The National Stabilization Fund’s governing committee on July 12 authorized a NT$500 billion fund to shore up share prices.

Source: Taipei Times November 06, 2022 21:17 UTC