Foreign money is pulling out of Taiwan's memory chip makers and moving into bank and financial holding stocks — good news for financial shares, bad for memory names.

• Foreign investors sold Taiwan stocks heavily last week, ending a four-week buying streak.
• The biggest sales were memory chip makers Nanya and Winbond, plus UMC.
• Eight of the ten most-bought stocks were financial holding companies, led by First Financial and Mega Financial.
• Chip stocks still ran hot on their own: UMC, MediaTek, and testing firm King Yuan all jumped on AI demand, with MediaTek's overseas convertible bond reportedly snapped up by Nvidia and other AI partners.
• Dovish signals from the Fed knocked the dollar below 99, lifting the Taiwan dollar and pushing the main index back near its record high.

Outlook: With the Fed leaning toward easier money and AI orders still strong, Taiwan's market looks set to test its previous peak, even as foreign cash keeps rotating between sectors.