June 7 (Reuters) - South Korea and Taiwanese equities experienced a huge influx of foreign investment during May, driven by a surge of interest in artificial intelligence (AI) and the subsequent demand for shares of hardware exporters in the region.
Data from stock exchanges in South Korea, Taiwan, India, Indonesia, the Philippines, Thailand and Vietnam showed foreigners purchased a net $11.74 billion worth of regional equities in May - the biggest amount since November 2022.
Specifically, Taiwanese equities attracted a massive inflow of $4.4 billion, followed by South Korean equities with $3.1 billion.
Meanwhile, foreigners secured a net $5.3 billion worth of Indian stocks, their biggest monthly purchase since August 2022, boosted by its strong economic growth in the March quarter.
On the other hand, Thai, Vietnamese and Philippine equities faced outflows of $995 million, $134 million and $81 million, respectively, last month.
Persons:
Yeap Jung Rong, Manishi Raychaudhuri, Gaurav Dogra, Patturaja, Simon Cameron, Moore
Organizations:
South, Reuters Graphics Reuters, BNP, Federal Reserve, Thomson
Locations:
South Korea, Taiwan, India, Indonesia, Philippines, Thailand, Vietnam, chipmaker, Asia, Pacific, Philippine, Bengaluru