Korea Sheds $6.2 Billion in August as Asia Rotates Away From AI
Foreign investors pulled $6.2 billion out of South Korean stocks in August. Taiwan drew $1.7 billion, ending a six week selling streak, Bloomberg-compiled data shows. The split points to a broader pattern. Money is rotating out of Koreas chip-heavy KOSPI toward markets seen as steadier bets on artificial intelligence (AI). Sponsored Sponsored A Wider Asian Reshuffle The Korea-Taiwan swing is part of a larger regional shift. Foreign investors sold a net $25.48 billion of Asian equities in July. It was the ninth straight month of net outflows. Taiwan and South Korea alone lost more than the region‘s entire net outflow in July. Taiwan shed $22.95 billion that month, separate from August’s swing back to inflows. Korea shed $6.26 billion in July, a July total distinct from the $6.2 billion August outflow cited above. Inflows into India, Thailand, Indonesia and the Philippines only partly offset those July losses. While still up 17% in the past 6 months, the KOSPI has seen a clear spike and drop. Image Source: Trading View Sponsored Sponsored Bloomberg-compiled data also shows analysts raised Taiwan‘s 12-month earnings estimates faster than Korea’s last month. It was the first time in nearly a year that Taiwans revision moved ahead. “The unusually high swings in AI-related sectors are making global investors diversify.” Herald









