Benchmark Plunges Below 45000 Points
Taiwan stocks faced heavy selling pressure on the 30th. The TAIEX opened at 46139.79 points, down 228.54 points, sank to an intraday low of 44726.26 points, down 1642.07 points, falling below the 45000-point mark. It closed down 1156.5 points, or 2.49%, at 45211.83 points, with turnover of 8777.3億元. For the week, it fell 829.6 points, or about 1.8%, marking three consecutive weekly declines; for October, it fell 2728.3 points, or about 5.69%. The OTC index closed at 370.26 points, down 17.11 points, or 4.42%, with turnover of 2021.09億元.
Foreign Investors Sell 2nd Day as Investment Trusts Buy 14th Day
The three major institutional investors together net sold 1398.43億元. Foreign investors net sold 1124.67億元, net selling for the 2nd consecutive trading day; investment trusts net bought 239.93億元, net buying for the 14th consecutive trading day; proprietary dealers for proprietary trading net sold 38.4億元, net selling for 2 consecutive days; proprietary dealers for hedging net sold 475.29億元, net selling for 16 consecutive days. The top five foreign-investor net buys were Yang Ming with 16598 lots, Taiwan Cement with 13123 lots, Taiwan Business Bank with 9125 lots, Chunghwa Telecom with 8201 lots and Taiwan Cooperative Financial Holding with 7940 lots; the top five net sells were AUO with 28002 lots, Powerchip with 22447 lots, Yageo with 16111 lots, Nan Ya Plastics with 15974 lots and Compal with 14430 lots. The top five investment-trust net buys were Taishin Shin Kong Financial Holding, CTBC Financial Holding, Qisda, ASE Technology Holding and E.SUN Financial Holding; the top five net sells were UMC, China Airlines, Far Eastern New Century, Taiwan Cement and AUO.
Yang Ming Tops Buys as AUO Sees Largest Sells
Excluding ETFs, Yang Ming ranked first with 16852 lots, CTBC Financial Holding ranked second with 16185 lots net bought, Evergreen Marine ranked third with 10531 lots net bought, followed by Taiwan Cement, Taiwan Cooperative Financial Holding, Taiwan Business Bank, Chunghwa Telecom, Chang Hwa Bank, Pou Chen and Uni-President. Yang Ming was mainly driven by foreign-investor buying, while CTBC Financial Holding received 10286 lots of investment-trust buying. On the sell side, AUO saw combined net sells of 36485 lots, ranking first, UMC saw net sells of 30187 lots, ranking second, and Powerchip saw net sells of 23976 lots, ranking third, followed by Innolux, Yageo, Compal, Acer, Nan Ya Plastics, Wistron and Delta Electronics. UMC was net sold 35438 lots by investment trusts, which foreign-investor buying of 4871 lots could not offset.
Leveraged and Inverse ETFs Also Ranked
The top three ETF net buys were Fuh Hwa FTSE Real Estate with 26313 lots, Capital Preferred Non-Investment Grade Bonds with 12448 lots, and CTBC China High Dividend with 11926 lots, with Yuanta Taiwan 50 Inverse 1x and Cathay Taiwan Weighted Inverse 1x entering the top ten. The largest net sell was Active CTBC Taiwan Income with 970382 lots, followed by Capital Taiwan Weighted 2x Leveraged with 2393643 lots and Yuanta Taiwan 50 Leveraged 2x with 2225555 lots. Yuanta Taiwan 50 was net sold 97980 lots by foreign investors and 67364 lots by proprietary dealers, with 2609 lots net bought by investment trusts, for combined net sells of 162735 lots. US stocks fell as Alphabet earnings missed expectations and free cash flow turned negative, Marvell plunged over 13%, the Philadelphia Semiconductor Index fell over 1%, and Taiwan index futures plunged 643 points in night trading. TSMC closed at 2370, down 45, dragging about 353 points off the benchmark, MediaTek closed at 3915, down 130, Delta Electronics fell to 1335 to hit limit-down, Aspeed closed at 15970, down nearly 6%, and Kingslide closed at 9650, down over 2%.