Taiwan's stock market had its worst July on record, and small investors pulled money out fast — bad news for local brokers and anyone hoping the rally continues.

• Cash sitting in Taiwanese brokerage accounts fell by the largest amount in eight months as the market dropped.
• Margin loans — money borrowed to buy stocks — also shrank sharply, a sign small traders are backing away from risk.
• Foreign money moved out of Taiwan in July, slowing the growth of the island's money supply.
• Local individual investors made up a smaller share of trading, while foreign and domestic institutions held their ground.
• One bright spot: foreign currency deposits hit a record high, because Taiwan's exporters keep bringing in strong sales revenue.

Outlook: Until foreign money comes back, Taiwan's market is likely to stay shaky, even as export earnings keep cash piling up in the banking system.