Net inflows of foreign funds into Taiwan have consistently broken records as overseas institutional investors kept buying in the local stock market.
According to Financial Supervisory Commission data, as of Friday, net foreign fund inflows into Taiwan hit US$196 billion, reaching a record high. The latest figure beat the US$195.01 billion in net fund inflows recorded as of the end of January.
Foreign fund movements have resulted in a net inflow for ten days in a row before the local bourse closed Friday, the last trading session before the upcoming Lunar New Year holiday.
Statistics released by the Taiwan Stock Exchange indicated a foreign net buy totaling US$1.97 billion worth of local shares on the main board.
Market analysts said that fund inflows in recent sessions largely came from institutional investors from Europe after the European Central Bank announced in January that it will kick off a quantitative easing program in March.