S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Geoff Yu at BNY notes that Taiwan’s strong equity performance in 2026 has coincided with net institutional outflows, mainly from U.S. pensions and hedge funds, while APAC and EMEA investors provide support. TWD FX activity remains subdued and tied to rebalancing rather than directional demand, with Taiwan’s currency still screening as fundamentally undervalued.
TAIEX strength, muted TWD flows
“Taiwan looks different, with TWD activity tied more to periodic rebalancing than to outright directional equity demand. Both currencies still screen as fundamentally undervalued, which helps explain why investor interest has held up even without meaningful FX appreciation.”
“Taiwan: Taiwanese equities saw $1.73bn of net institutional outflows year to date. Again, the Americas were the main sellers, with $4.33bn of net sales. U.S. pension funds and hedge funds led the move, making up almost 75% of total selling from the region.”
“Taiwan looked more like rotation than exit. The market also saw heavy semiconductor selling (-$5.59bn), but that was offset by buying in Technology Hardware (+$3.74bn), Capital Goods (+$232mn) and Banks (+$132mn). The message: investors were not exiting Taiwan wholesale.”
“By investor type in Taiwan: The mix was different. Pension funds (-$3.12bn) and hedge funds (-$1.78bn) were the main sellers, while government and agency accounts bought $906mn. Taiwan selling was less mutual-fund driven and more concentrated in pensions and hedge funds than South Korea.”
“Taiwan remains much quieter. TWD activity is still subdued. Spot volumes, which track equity purchases more directly, are below the rolling one-year average.”
