This week, overseas investors sold over $3 billion worth of South Korean stocks. Last month, they set a record by selling $13.7 billion worth of stocks.
As the global energy supply crisis triggered by the blockade of the Strait of Hormuz by Iran escalates, traders are increasingly concerned about the potential inflation risks and are rapidly withdrawing from the frenzy of artificial intelligence trading. This week, foreign investors sold over $3 billion worth of South Korean stocks, following a record sell-off of $13.7 billion last month. The Chinese Taipei region also saw significant selling, with a scale of $3.6 billion, and the Taiwan stock market is expected to set a new record for the largest weekly outflow of funds since the end of last December. Matthew Haupt, portfolio manager at Wilson Asset Management in Sydney, said that as the situation in Iran deteriorates, investors are rushing to reduce market risk exposure, with the selling mainly concentrated in artificial intelligence-related stocks as the market still questions whether the industry's large-scale capital expenditure plans will ultimately generate enough profit.
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