Tenth intervention launched as Taiwan stocks reclaim 41000 points
The National Stabilization Fund launched its tenth market intervention on November 9, Taiwan stocks opened higher and rebounded as policy support stabilized market confidence, opening at 40347.28 points, up 645.36 points, hitting an intraday high of 42349.36 points, with gains narrowing later, and closing at 41661.7 points, up 1960.06 points, up 4.94%, reclaiming the 41000-point mark and setting the second-largest closing gain on record. Today's trading value was NT$8379.29 hundred million, the 42000-point mark and the 5-day moving average of 41838.9 points were regained then lost. Last Friday, November 6, Taiwan stocks opened down nearly 3800 points and closed at 39701 points, falling below the 40000-point mark, down 10267 points from this year's high of 49968 points, a drop of 20.55%.
Foreign investors sell for 8 consecutive days approaching 8000 hundred million
Observing the moves of the three major institutional investors, the three major institutional investors sold a net NT$744.45 hundred million today. Foreign investors continued selling, selling a net NT$900.56 hundred million today, selling for 8 consecutive trading days since October 29, with cumulative net sales reaching NT$7957.15 hundred million, approaching the NT$8000 hundred million mark. Proprietary traders also stood on the sell side, with proprietary trading selling a net NT$63.82 hundred million and hedging operations selling a net NT$248.37 hundred million, for combined net sales of NT$312.19 hundred million. Investment trusts bucked the trend with large net purchases of NT$267.49 hundred million, becoming an important force supporting the market.
Short-selling curbs take effect, securities lending cap cut to 3%
The National Stabilization Fund was authorized to launch its mission to stabilize market confidence, and the Financial Supervisory Commission also announced 5 market support measures including short-selling curbs, including cutting the daily intraday cap on securities lending sell orders from 30% of the average daily trading volume over the previous 30 business days to 3%, and adjusting the minimum margin requirement for listed and OTC securities from 90% to 130%. The market is watching the support for Taiwan stocks after the launch of the National Stabilization Fund and the short-selling curbs.
TSMC rises 100, multiple heavyweights hit limit-up
In terms of heavyweight stocks, TSMC closed up 100 to close at 2235, up 4.68%. MediaTek, Delta Electronics, Yageo, Largan Precision, Formosa Plastics, Nan Ya Plastics, Formosa Chemicals & Fibre and others all closed limit-up, keeping the index oscillating at highs and holding above 41000 points at the close, showing a clear policy support effect in lifting heavyweights, although foreign selling pressure has not yet eased and the subsequent trend remains to be seen.