Global Money Ends Taiwan Stock Exodus With Billion-Dollar Inflow

Foreigners bought $1.17 billion of Taiwanese stocks listed on the island’s main exchange on Wednesday, ending the longest streak of withdrawals since November.

The inflows follow roughly $14.9 billion in withdrawals from Taiwan’s main stock exchange over an eight-day run, including a record weekly exodus from the overall market in early March after the Iran war sparked a global risk-off move. Shares of Taiwan Semiconductor Manufacturing Co. climbed 4.9% after reporting a 30% jump in revenue for the first two months of the year. That trimmed their decline since the conflict began to about 2.8%.