FOREIGN investors poured substantial money into Asian equities in February amid a rebound in Chinese stocks following Beijing’s rollout of reform measures and a surge in technology shares, driven by the artificial intelligence (AI) boom.
Data from stock exchanges in South Korea, Taiwan, Indonesia, India, the Philippines, Thailand and Vietnam showed foreigners purchased a net $10.82 billion worth of regional equities last month, after selling shares worth nearly $779 million in January.
The MSCI Asia-Pacific index rebounded last month with a 4% increase, offsetting January’s decline, as traders shifted focus to upbeat Asian corporate earnings from concerns over delayed rate cuts by the U.S. Federal Reserve.
The bulk of the inflows was directed towards South Korea and Taiwan, recognized as the region’s tech hubs, which received $6.1 billion and $3.7…
