Foreign investors dump Taiwan stocks ahead of election

Net selling in first five trading days of 2024 sends Taiwanese index down

Investors are keeping a close eye on the results of the Taiwan elections, as they will shape the self-governed island's relationship with China. (Nikkei montage/source photos by AP and Hiroki Endo)

LISA KIM, Nikkei staff writer

January 12, 2024 10:36 JST

TOKYO -- Foreign investors have offloaded Taiwanese stocks this year, turning more risk-averse ahead of the island's presidential election.

Foreign investors, including those from mainland China, sold a net 27.15 billion New Taiwan dollars ($878.56 million) worth of Taiwanese equities in the first eight trading days of the year, according to Taiwan Stock Exchange data.