Taiwan Stocks Swing 1000 Points to Close Higher and Hold Key Level
Taiwan stocks on the 27th marked the first trading day after the 4-day Retrocession Day holiday. Lifted by a rebound on Wall Street, the market first rose over 500 points in early trade, then turned lower by over 900 points, once breaking below the 4萬6千-point mark, before losses narrowed into the close. The weighted index closed at 46096.23, up 54.8 points, or 0.12%, with turnover of about 9765.47億元, in roller-coaster trade, still holding above the 4萬6 level at the close.
Actively Managed ETFs Take Top Three Spots in Net Selling
In terms of funds flow, foreign investors sold a net about 81.03億元 in Taiwan stocks today, with actively managed ETFs the main source of selling among the top 10 ETFs by net selling. According to TWSE data, the top 3 were Active 統一 Taiwan Income (00406A) with net selling of 6萬8227 lots, Active 統一 Taiwan Growth (00981A) with net selling of 6萬6895 lots, and Active 統一 Upgrade 50 (00403A) with net selling of 5萬5713 lots, a combined reduction of about 19萬 lots worth about 30.11億元, sweeping the top 3 places on the list.
Flagship ETF 0050 Sees 13th Straight Day of Reductions
In addition, foreign investors continued to reduce the flagship ETF 元大台灣50 (0050), ranking 4th by net selling. 0050 closed today at 106.6元, down 0.3元, or 0.28%, with foreign investors selling a heavy 2萬8420 lots, over 2.8萬 lots, marking the 13th straight trading day of net selling, showing short-term foreign fund moves remain cautious. Fifth was CTBC Taiwan-Japan-Korea PCB (009828), with net selling of 2萬4918 lots.
Remaining Selling Focused on Technology and High-Dividend Types
Ranked 6th to 10th were, in order, Active Chiayi Technology Innovation (00992A) with net selling of 1萬3266 lots, Active Cathay Momentum High Dividend (00400A) with net selling of 1萬3232 lots, KGI Taiwan TOP50 (009816) with net selling of 1萬2187 lots, Active Chiayi Core 50 (00415A) with net selling of 8522 lots, and Cathay Taiwan Technology Leaders (00881) with net selling of 4340 lots, with overall selling pressure still concentrated in actively managed and technology-type ETFs, and follow-up fund-flow moves worth watching.