Index Soars 1545 Points to Reclaim 44000
Taiwan's rebound entered its third day this week. Despite U.S. stocks closing lower overnight, led by heavyweights TSMC (2330) and MediaTek (2454) today (11th), the index closed up 1545.23 points or 3.62% at 44257.15, successfully retaking the 44000 mark, the sixth-largest single-day gain on record. On the currency side, the New Taiwan dollar against the U.S. dollar weakened to 32.968 in early morning trade, then reversed from weaker to stronger, closing at 32.84 at midday, up 0.02 or 0.08%. Despite foreign investors selling Taiwan stocks for a 10th consecutive trading day, the New Taiwan dollar still rose against the trend, with short-term selling pressure easing.
Foreign Investors Sell Only 0.766 Billion, Futures Add Just 798 Contracts
According to the Taiwan Stock Exchange's institutional buy/sell statistics, foreign investors sold only 0.766 billion in net value today, while investment trusts bought a net 14.766 billion, buying for a 22nd consecutive trading day. Proprietary dealers bought a net 2.801 billion on own account and 3.456 billion for hedging, for a combined net buy of 6.257 billion. The three institutional groups together bought a net 20.256 billion. Reviewing foreign net selling over the past 10 trading days: 1029 sold 68.815 billion, 1030 sold 112.467 billion, 1102 sold 73.521 billion, 1103 sold 107.307 billion, 1104 sold 149.9 billion, 1105 sold 102.461 billion, 1106 sold 91.188 billion, 1109 sold 90.056 billion, 1110 sold 34.117 billion, 1111 sold 0.766 billion, totaling about 830.598 billion. Compared with net selling of 34.117 billion in the previous session, today narrowed sharply by more than 33.3 billion, nearly returning to balance, with selling momentum clearly slowing, though not yet officially turning net buy.
Futures Shorts Still Over 100000 Contracts but Growth Slows
On futures positions, foreign net short positions in TAIFEX index futures rose from 103473 contracts yesterday to 104271 contracts today, an increase of only 798 contracts, below the 1702-contract increase in the previous session. Although shorts remain above the high level of 100000 contracts, the pace of new shorts has slowed, indicating foreign investors have not further significantly added to hedging positions. Overall, spot selling pressure has clearly cooled, while the hedging stance has not yet been lifted. It remains to be seen whether foreign spot trading can turn from sell to buy and whether futures shorts will see substantial covering.
PCB and Test Stocks Hit Limit-Up, Heavyweights Lifted at Close
On the board, funds spread from large heavyweights to PCB, fiberglass cloth, and semiconductor test stocks. Tripod Technology (3044), WUS Printed Circuit (2316), Dynamic Holding (3715), Taiwan Glass (1802), Fulltech Fiber (1815), and equipment maker Machvision (3167) among other PCB-related stocks hit limit-up intraday; semiconductor test plays CHPT (6510), Winway (6515) and MPI (6223) also closed limit-up. Listed gainers reached 1162, including 87 limit-up, versus 665 decliners and 7 limit-down, with the rebound no longer confined to a few heavyweights. Among heavyweights, TSMC traded 6503 lots in the final closing auction, rising from 2380 to 2395, closing up 110 or 4.81%; MediaTek (2454) traded 815 lots in the final auction, rising from 3980 to 3990, up 160 or 4.18%. In addition, Delta Electronics (2308) closed at 1295, up 20, ASE Technology Holding (3711) closed at 617, up 12, and Nan Ya (1303) closed at 313, up 24 or 8.3%, with volume of 172200 lots.