U.S. Selling Pressure Spreads, Taiwan Stocks Lose 45000 Level
Selling pressure in U.S. technology stocks spread, and the Taipei stock market on 10月30日 opened lower and moved lower. Affected by all four major U.S. stock indexes closing lower and a sharp 643-point plunge in TAIFEX night futures, Taiwan stocks opened down 228.54 points at 46139.79 points. As the New Taiwan dollar depreciated by more than 1角 again, market selling pressure widened, with the intraday low falling to 44726.26 points, at one point plunging 1642.07 points and losing the 45000 mark. The decline narrowed into the close, but the market still ended down 1156.5 points, or 2.49%, at 45211.83 points, with turnover reaching 8777.3億元.
Weekly and Monthly Close, OTC Index Weakens Together
Taiwan stocks closed the weekly and monthly lines on the same day. The TAIEX fell a total of 829.6 points this week, or about 1.8%, with the weekly line closing lower for the 3rd consecutive week. In October, it fell a total of 2728.3 points, or about 5.69%, with the monthly line also closing lower. Small and mid-cap stocks could not escape the selling pressure, with the OTC index ending down 17.11 points, or 4.42%, at 370.26 points. The three major institutional investors sold a combined net 1398.43億元, of which foreign investors sold a net 1124.67億元 for the 2nd consecutive trading day, securities investment trusts bought a net 239.93億元 for the 14th consecutive trading day, proprietary dealers sold a net 38.4億元 on own account, and proprietary dealers sold a net 475.29億元 for hedging.
Government Funds Net Buy Electronics and Financials, 台新新光金 Tops
The top 10 net buys by the eight major government-owned banks were mainly financial and electronics stocks. The 冠軍 was 台新新光金 (2887) with a net buy of 6620 lots, in 2nd place was 聯電 (2303) with a net buy of 6021 lots, and in 3rd place was 仁寶 (2324) with a net buy of 5754 lots. Ranked 4th to 10th in order were 力積電 (6770) with a net buy of 3636 lots, 國巨* (2327) with a net buy of 3340 lots, 群創 (3481) with a net buy of 3066 lots, 金寶 (2312) with a net buy of 2529 lots, 緯創 (3231) with a net buy of 2496 lots, 南亞 (1303) with a net buy of 2411 lots, and 台達電 (2308) with a net buy of 2319 lots. Among them, 中台達電 shares touched the limit-down price of 1335 yuan but still received net buying from government funds, with 聯電, 仁寶 and 力積電 ranking among the top five net buys.
Government Funds Trim 台泥 長榮, Diverging From Foreign Investors
On the sell side, traditional industrial and financial stocks dominated, with 台泥 (1101) sold a net 5179 lots ranking first, in 2nd place was 長榮 (2603) with net sales of 2608 lots, and in 3rd place was 合庫金 (5880) with net sales of 2567 lots. Ranked 4th to 10th were 兆豐金 (2886) with net sales of 2535 lots, 第一金 (2892) with net sales of 2502 lots, 陽明 (2609) with net sales of 2468 lots, 統一 (1216) with net sales of 2239 lots, 華南金 (2880) with net sales of 1836 lots, 彩晶 (6116) with net sales of 1600 lots and 大亞 (1609) with net sales of 1598 lots. In contrast, the top five net buys by foreign investors were 陽明, 台泥, 臺企銀, 中華電 and 合庫金, and the top five net sells were 友達, 力積電, 國巨*, 南亞 and 仁寶; the top five net buys by securities investment trusts were 台新新光金, 中信金, 佳世達, 日月光投控 and 玉山金, and the top five net sells were 聯電, 華航, 遠東新, 台泥 and 友達, showing that government funds, foreign investors and securities investment trusts moved in different directions on some stocks.