Taipei, Nov. 6, 2012 (CENS)--Taiwan witnessed net inflow of US$790 million in foreign equity funds in October of this year; and, if including the net inflow recorded in the previous two months, the figure would amount to US$2.945 billion (or about NT$86.6 billion), according to statistics released by Taiwan's Financial Supervisory Commission (FSC).
However, from April to July of the year Taiwan experienced net outflow of US$6.7 billion worth of foreign funds due mainly to the influence of European debt crisis. However, Taiwan recorded net inflow of foreign equity for three consecutive months starting August, making the net inflow of foreign funds reach US$3.106 billion or NT$91 billion in the first 10 months, compared to a net outflow of US$10.1 billion seen a year earlier.
As of the end of October, aggregate inbound remittances recorded by offshore foreign institutional investors, mainland Chinese, foreign individuals, and overseas Taiwanese came to US$159.152 billion, up US$790 million from a month earlier.
Insiders said that most of foreign capital remitted into Taiwan would be funneled into the stock market here, but now foreign investors are taking a wait-and-see attitude toward investment in the local bourse.
(by Judy Li)