Index Surges Over 1000 Points to Retake 42000
Taiwan stocks extended their rebound today (10th), with the weighted index closing up 1050.22 points, or 2.52%, at 42711.92, moving back above the 42000 mark. Turnover expanded to 1 trillion 45.14 hundred million yuan, up from the previous trading day, as market trading heated up. The index opened at 42130.33, up 468.63 points from the previous close, then buying moved in to push the index higher, and although gains narrowed into the close, the advance remained above 1000 points.
Intraday Spike of Over 1400 Points With Heightened Volatility
The index hit an intraday high of 43135.92, up as much as 1474.22 points, or 3.54%, but met selling pressure after the climb, falling back to a low of 41930.03. The intraday high-low range reached 1205.89 points, leaving an upper shadow of about 424 points at the close, indicating divergent chasing momentum at highs. On the broader market, a total of 985 listed and OTC stocks rose, including 72 limit-up, while 857 fell, including 5 limit-down. Gainers outnumbered losers, but gains were not broad-based. 697 stocks closed with red candles, while 1126 closed with black candles, as some stocks opened high and moved low, leaving short-term profit-taking pressure.
Foreign Investors Post 9th Straight Sell While Investment Trusts Post 21st Straight Buy
The three major institutional investors sold a combined net 148.23 hundred million yuan. Foreign investors and mainland Chinese capital posted net selling of 341.17 hundred million yuan in a single day, the 9th straight trading day of net selling. Proprietary dealers sold a combined net 175.36 hundred million yuan, including 55.39 hundred million yuan in principal trading and 119.97 hundred million yuan in hedging operations. Investment trusts continued to add positions, with single-day net buying of 368.29 hundred million yuan, the 21st straight trading day of net buying, the only net buyer among the three major institutions, supporting the market and offsetting some selling pressure from foreign investors and dealers.
Futures Net Short Positions Remain Elevated at 10.3 Ten Thousand Contracts
On the futures side, foreign investors held 103473 net short open positions in Taiwan index futures, up 1702 contracts from the previous trading day, remaining above 10 ten thousand contracts. Although the spot index rebounded sharply by more than 1000 points in a single day, foreign investors did not turn明显 bullish in the futures market, with net short positions remaining elevated and operations leaning cautious. Overall, the spot rebound coexisted with futures hedging, indicating foreign investors have not yet actively shifted to bullish positioning.