Foreign investors log record $31.78B net outflow from Taiwan equities in October amid AI hardware re-rating

Foreign investors pulled a record net $31.78 billion from Taiwan equities in October, dragging the TAIEX down over 10% from its October 6 peak. Despite TSMC reporting a 68.7% year-over-year surge in Q3 net profit and raising its Q4 revenue guidance, earnings from U.S. cloud hyperscalers fueled concerns over whether massive AI capex can yield commensurate returns, prompting the market to proactively re-rate expectations across the hardware manufacturing chain.