Affected by declines across all four major US stock indexes, selling pressure emerged after Taiwan stocks opened on the 30th, with the weighted index plunging more than 1600點 intraday, and finally closing down 1156.5點 at 45211.83點, down 2.49%, with turnover reaching 8777.3億元. The broader market fell below the half-year line at 45314點, with the weekly line closing lower for 3 consecutive weeks and the monthly line also closing lower, as market sentiment turned cautious.
Three Major Institutional Investors Net Sell 1398億, Only Investment Trusts Net Buy
Looking at institutional trading, the three major institutional investors together net sold 1398.44億元 on the day, including foreign investors and mainland capital net selling 1124.67億元 and dealers net selling 513.7億元, with only investment trusts bucking the trend with net buying of 239.93億元, showing diverging fund movements. The heavy selling pressure shows external bearish news triggered stop-losses, coupled with leadership declines in heavyweight stocks, exacerbating the index decline, with short-term technicals clearly weakening.
Heavyweight Electronics Plunge, Shipping and Telecom Resilient
Large heavyweight electronics stocks became the main concentration of selling pressure. 台積電 fell 45元 to close at 2370元, down 1.86%; 聯發科 and 聯電 both fell more than 3%, 台達電 and 華新科 hit limit-down, and 國巨 also dropped more than 7%. In contrast, some shipping and telecom stocks were relatively resilient, with 長榮 and 萬海 rising more than 4% against the trend, 陽明 rising more than 2%, and 中華電 closing at 160元 for a new closing high, showing funds shifting to safe havens.
阮慕驊 Gradually Builds Positions, Keeps Cash Ammunition
Facing the sharp market correction, financial expert 阮慕驊 said on Facebook that he has decided to start building investment positions in stages, targeting 台積電, as well as the two ETFs 群益半導體收益00927 and 群益臺灣加權正200685L, not investing all funds at once, but first establishing basic holdings while retaining cash. He revealed he has already bought 00927 first, 00685L has also started building positions, and 台積電 is being entered slowly, writing "If it falls further, I still have ammunition. If it goes up, I am already on board." He stressed that starting to build positions today does not mean the correction is over or the lowest point, this round of correction must be viewed very cautiously, and cannot be seen as a bottoming signal. For 00685L as a leveraged product, he reminded of higher volatility, needing to watch position and fund allocation, at this stage buying in batches, controlling positions, and retaining cash, with the public record only sharing operations and not investment advice.