Why did foreign investors shift to buying TSMC shares in April after selling them earlier this year?

Question

In April, foreign investors shifted their strategy to buying Taiwan Semiconductor Manufacturing Company (TSMC) shares, accumulating a net buy of 47,630 shares. This pivot contributed to pushing TSMC's stock price to a record high of NT$2,095 during intraday trading on the 15th, boosting its market capitalization to NT$54.38 trillion.

Accepted Answer

This buying trend in April marks a change from earlier in the year when foreign investors were net sellers of TSMC stock. On the 14th alone, foreign investors bought 18,955 shares, with investment trust and proprietary traders also contributing to the buying momentum. The shift in investment sentiment is partly attributed to market positioning ahead of TSMC's investors conference scheduled for later in the week.

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Why did foreign investors shift to buying TSMC shares in April after selling them earlier this year?

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