Asian equities witnessed money inflows in November as demand for regional semiconductor products boosted foreign buying in South Korean and Taiwanese markets, although concerns over recovery amid the spread of the Omicron variant capped regional inflows.
Foreign investments in Asian equities https://fingfx.thomsonreuters.com/gfx/mkt/movanqjbrpa/Foreignper cent20investmentsper cent20inper cent20Asianper cent20equities.jpg South Korean exports in November grew at their fastest pace in three months due to a post-pandemic recovery in major trading partners, while Taiwan's exports climbed to a new high in October."The inflows into South Korea and Taiwan may be underpinned by the rally in the broader semiconductor industry," said Jun Rong Yeap, a Singapore-based market strategist at IG.
"Some risk-off mood may drive foreign outflows from Asian equities, considering that previous upside has been built upon positive developments on economic reopening in the region," Yeap said.
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