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Korean and Taiwanese investors step into Indian markets
Mumbai: Hot on the heels of Japanese investors, Korean and Taiwanese FIIs have also entered the Indian equity market.

According to market sources, most of the purchases by FIIs in the last 6-8 weeks, at around $1 billion (Rs4,400-4,500 crore) have come from these three countries. Of this amount, around $60 million has come from Korea and Taiwan.

Taiwanese and Korean investments have come as a surprise for the market players here as the equity market of these countries are also doing well.

Most of the money from these countries into the Indian equity market has come through FIIs, which have registered in Singapore, Hong Kong, US or the UK. In the last few months, FIIs from Japan, Korea and Taiwan have also registered with SEBI.

Two FIIs registrations each have been made from South Korea and Taiwan while one registration has been made from Japan. Sources said that the slowdown of US and Chinese economies, would affect Korea and Taiwan,, leaving India unaffected. Analysts said that a higher valuation for India is due to its constant growth and better corporate governance.

According to JM Morgan Stanley foreign ownership has climbed to 18.6 per cent and 21.6 per cent in India's top 200 companies and top 50 companies respectively.
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