Weighted Index Plunges 1156 Points, OTC Falls Over 4%
Selling pressure swept Taiwan stocks on October 30, with the weighted index closing at 45211.83 points, down 1156.50 points, or 2.49%, with turnover reaching 8777.3 billion. The OTC index also weakened, closing at 370.26 points, down 17.11 points, or 4.42%, with turnover of 2021.09 billion. Decliners far outnumbered advancers, with 1148 listed stocks falling and only 158 rising, and 853 OTC stocks falling versus 248 rising, showing heavy selling pressure on both large-cap and small- to mid-cap stocks.
Foreign Selloff Seventh-Largest on Record, Investment Trusts Alone Support Market
In terms of institutional flows, the three major institutional investors sold a net total of 1398.44 billion. Among them, foreign and mainland investors sold a net 1124.67 billion, the seventh-largest selloff on record and the third single-day net sell exceeding 100 billion since October. Dealers sold a net total of 513.70 billion, including 38.40 billion in proprietary trading and 475.30 billion in hedging operations. Only investment trusts stood on the buy side, buying a net 239.93 billion, becoming the main supporting force, while foreign investors and dealers both leaned to the sell side.
Heavyweight Electronics Stocks Weaken Across the Board, Power and Component Makers Fall Hardest
Most high-turnover stocks closed lower. TSMC led in turnover value, closing at 2370, down 45, or 1.86%, the main heavyweight dragging the broader market. MediaTek closed at 3915, down 130, or 3.21%; UMC closed at 111.5, down 4, or 3.46%; ASE Technology Holding closed at 668, down 15, or 2.20%, with the semiconductor sector weakening overall. Power and electronic component makers fell more sharply, with Delta Electronics closing at 1335, down 145, or 9.80%; Yageo closing at 502, down 41, or 7.55%.
Selling Spreads to Memory and Supply Chain
Selling spread from semiconductors to memory, packaging and testing, and related supply chains. Nanya Technology closed at 454.5, down 22.5, or 4.72%; Nan Ya Plastics closed at 296, down 16, or 5.13%; Unimicron closed at 989, down 51, or 4.90%; WIN Semiconductors closed at 578, down 16, or 2.69%. Overall, not only heavyweight stocks were trimmed on the day, but small- to mid-cap electronics stocks also saw clear profit-taking pressure, with the market in a broad correction pattern.