Open High Then Fall Below 42500 Points
Taiwan stocks on 4日 opened at 43449.45 points, up 141.91 points from the previous trading day, once rebounding nearly 400 points in early trading, then buying momentum weakened, the index turned from gains to losses, and declines gradually widened. According to 上午11時23分45秒 intraday quotes, the weighted index reached 42428.81 points, down 878.73 points, down 2.03%, with turnover reaching 6148.91 billion yuan, losing not only 43000 points but further breaking below 42500 points, facing the battle to defend 42000 points. Compared with the previous trading day close of 43307.54 points, 截Zhishang午11時30分 it had fallen 1019.22 points, turning from the morning high into a clear correction, and the open-high-then-low trend has the market watching whether there is further downside pressure in the short term.
Heavy Foreign Selling, Margin Balance Falls Below 6000 Billion
Fund flows are in focus. According to 11月3日 market statistics, foreign investors sold about 1073 billion yuan, and the three major institutional investors sold about 1479 billion yuan combined; margin balance fell about 229.25 billion yuan in a single day to 5997.74 billion yuan, breaking below the 6000 billion yuan level, reflecting shrinking leveraged funds. However, a decline in margin balance does not mean all investors have stopped losses, and subsequent changes still need close observation. Whether investors have seen panic stop-losses can be tracked through margin balances, overall maintenance ratios, limit-down counts Jicheng交金額 and other indicators. The FSC previously noted that as of 11月2日, the market-wide margin maintenance ratio for credit trading was 173.62%, and said it will continue to monitor changes in international financial markets.
US Stocks Stabilize but Taiwan Stocks Fail to Follow
On international markets, the market had previously doubted whether huge AI capital spending could turn into actual profits, and technology stock volatility also affected Taiwan semiconductor and electronics supply-chain performance. However, in the previous trading day the US S&P 500 rose 0.4%, the Nasdaq rose 0.8%, the Philadelphia Semiconductor Index rose 2.6%, and TSMC ADR also rose 1.6%, which had brought rebound momentum to Taiwan stocks at the open, but Taiwan stocks failed to sustain gains, showing international market stabilization and Taiwan market performance were not in sync.
Prior-Day Plunge of 1612 Points Marks 7th Largest on Record
Looking back at yesterday, Taiwan stocks on 11月3日 opened low and moved lower, closing at 43307.54 points, down 1612.60 points, down 3.59%, with turnover of 9280.58 billion yuan, the 7th largest single-day closing drop in history. That day 1784 stocks closed lower, including 74 closing limit-down, with electronics, traditional industry and financial shares weakening together, and selling pressure not concentrated in a single group. Among heavyweights, TSMC closed on the 3rd at 2295 yuan, down 35 yuan, MediaTek closed at 3675 yuan, down 295 yuan, down 7.43%; Hon Hai closed at 245.5 yuan, down 5.5 yuan, and Delta Electronics closed at 1270 yuan, down 85 yuan, down 6.27%. Large heavyweight stocks weakening together pressured the broader market, extending into today session.