Taiwan Stocks

Taiwan stocks closed at 43307.54 points on November 3, down 1612.6 points, or 3.59%, falling below the 44000 mark, with turnover of 9301.54 hundred million yuan. The three major institutional investors net sold 1464.57 hundred million yuan, with electronics heavyweights closing lower across the board.

Taiwan stocks plunged 1612 points on November 3, pressuring semiconductor stocks, while combined beneficiaries of 6 Taiwan semiconductor ETFs reached 600468, topping 600000 for the first time and rising for 5 straight weeks, with 5 funds hitting record highs and long-term returns still over 120%.

Driven by surging AI server demand and higher memory prices, Winbond posted Q3 consolidated revenue of NT$82.331 billion, up 37.6% QoQ and 278.2% YoY, with gross margin of 70.6% and net profit after tax of NT$35.422 billion, or EPS of NT$7.58. The board approved a NT$73.1 billion budget to expand the Kaohsiung Module B fab.

Taiwan stocks faced heavy selling pressure on November 3, opening lower and trending down, closing down 1612.60 points at 43307.54 points, down 3.59%, falling below 44000 points, with turnover of 9280.58 hundred million yuan, marking the 7th largest single-day closing drop in history.

Peng Jin-long said at the opening ceremony of Taiwan Weeks on the 3rd that total Taiwan stock market capitalization reached 158 trillion yuan, up over 61% year-on-year, ETF scale reached 11.6 trillion yuan, ranking third in Asia-Pacific, overall assets under management grew 33% year-on-year, and research on a dedicated law will be accelerated and TISA tax incentives promoted.

Dragged by a plunge in the U.S. Philadelphia Semiconductor Index, Taiwan stocks plunged 1612 points on the 3rd to close at 43307 points, the seventh-largest drop on record, with 74 limit-downs, foreign investors selling NT$1073 hundred million, the eighth-largest on record, while domestic investment trusts bought for 16 straight sessions but failed to support the market, with turnover of NT$9301 hundred million.

Selling pressure in Taiwan stocks widened today, with the weighted index plunging nearly 1600 points midday, breaking below 44000 points to 43332 points, with about 70 listed stocks hitting limit-down and heavy selling in memory and PCB groups.

Taiwan stocks plunged 1547.49 points to 43372.65 in midday trading on the 3rd, down 3.44% and falling below the 44000 mark. Cathay Securities Futures analyzes six stocks including Realtek as well as Apple and Palantir developments, maintaining Buy on five names, optimistic on long-term AI infrastructure opportunities.

MediaTek fell intraday to 3720 yuan, down 27.98% from its 5165 yuan high. Rick Tsai, speaking at Taiwan Week, made a rare call to buy the company's own shares, stressing patience for the long term, and forecast full-year revenue topping 21 billion US dollars.

Rick Tsai spoke at Taiwan Week, reviewing MediaTek's transformation from optical drives to AI, with market capitalization topping US$200 billion, 25-year total shareholder return reaching 163x for a 22% CAGR, and revenue this year expected to top US$21 billion for a record high.

Taiwan stocksextended losses at midday on the 3rd, dipping to 43,397.09 points, down 1,512.7 points or 3.37% and falling below the 43,400 mark. The NT dollar depreciated to NT$32.763, while memory, PCB, optical communications and AI supply chains led the selloff, with many stocks hitting limit-down.

Active ETFs recorded net buying of NT$9.1 billion for the 14th straight trading day, with consensus additions over NT$100 million totaling NT$10.4 billion. ASE Technology Holding, MediaTek and TSMC were the main focus, while CTBC 00406A led with single-day net buying of NT$4.93 billion.

Taiwan stocks saw increased volatility. According to Taiwan Depository & Clearing Corporation statistics as of 10月30日, Taiwan stock ETF beneficiaries reached 1975萬7703 person-times, hitting a new high for the 3rd straight week, up about 17.7萬 person-times in a single week, with 24 funds hitting new highs together, as funds focused on market-cap, actively managed and semiconductor ETFs.

Taiwan stocks opened lower on 11月3日, with the TAIEX falling to 44152.77 points intraday, plunging 767.37 points below the 45000 mark and approaching a battle to defend 44000, while Hon Hai's market capitalization of about 3.533兆元 surpassed Delta Electronics to rank third.

Topco Scientific posted Q3 consolidated revenue of NT$23.67 billion and EPS of NT$10.39, with 9M EPS of NT$25.19, both record highs, driven by continued AI and high-performance computing growth boosting advanced-process materials demand plus environmental engineering revenue recognition.

Weak U.S. technology stocks, with the Philadelphia Semiconductor Index down over 3%, and Taiwan index futures plunging 917 points in the night session, Taiwan stocks opened down 438.55 points today before extending losses to over 600 points, with TSMC falling NT$30 to open at NT$2,300, as large-cap and small- and medium-sized stocks fell together.

Amid mixed international technology earnings and short-term volatility, UOB Asset Management's Kuo Hsiu-cheng notes the long-term bull market in Taiwan stocks is intact, supported by rigid AI demand, strong CSP capital expenditure and domestic economic momentum, recommending staged allocation to 00918 combining AI growth with financial defense.

Hongyu Electric will hold a pre-OTC listing performance briefing on November 4, with a tentative underwriting price of 280 per share. First-half gross margin hit a record high of 23.22%, EPS reached 7.86, up 15% year-on-year, as the company expands into AIDC prefabricated substations and new Vietnam capacity.

The Capital Taiwan Powerhouse ETF (00982A) announced its sixth distribution of NT$0.78 per share, a record high up nearly 22% from the previous payout. Based on NT$20.65, the annualized yield exceeds 15%. The ex-dividend date is November 17, with total return including dividends exceeding 130% since listing and every distribution fully filled.

Last week foreign investors net sold Taiwan stocks by US$79.06 billion, the largest among Asian equities. Taiwan stocks fell 1.8% in a single week, breaking below the half-year moving average, with the cumulative gain this year narrowing to 56.10% but still ranking first. Institutional investors say fundamentals have not weakened, with the short-term correction reflecting sentiment and valuation adjustments, while the outlook focuses on the U.S. midterm elections.