US Selloff Spreads as Taiwan Stocks Lose 45000 Level
Weighed by across-the-board declines in the four major US indexes and a 643-point plunge in Taiwan stock index futures in the overnight session, the Taipei stock market opened on the 30th down 228.54 points at 46139.79 points. As the New Taiwan dollar depreciated by more than 1角 again, selling pressure continued to expand, with the加權指數 falling to an intraday low of 44726.26 points, down 1642.07 points and falling below the 45000-point mark. Although losses narrowed into the close, it still ended down 1156.5 points, or 2.49%, at 45211.83 points, with turnover reaching 8777.3億元.
Eight State-Backed Banks Net Buy Taishin Shin Kong Financial, Net Sell 5179 Lots of Taiwan Cement
Looking at the trading moves of the eight state-backed banks, today's top 10 net buys were mainly financial and electronics stocks. The top net buy was Taishin Shin Kong Financial 2887, with net buying of 6620 lots; in 2nd place was UMC 2303, with net buying of 6021 lots; in 3rd place was Compal 2324, with net buying of 5754 lots. Ranked 4th to 10th were Powerchip 6770 with net buying of 3636 lots, Yageo 2327 with net buying of 3340 lots, Innolux 3481 with net buying of 3066 lots, Kinpo 2312 with net buying of 2529 lots, Wistron 3231 with net buying of 2496 lots, Nan Ya 1303 with net buying of 2411 lots, and Delta Electronics 2308 with net buying of 2319 lots. Notably, Delta Electronics hit the limit-down price of 1335元 today but still attracted net buying.
On the sell side, Taiwan Cement 1101 was trimmed the most with 5179 lots, topping the net-sell list; in 2nd place was Evergreen Marine 2603, with net selling of 2608 lots; in 3rd place was Taiwan Cooperative Financial 5880, with net selling of 2567 lots. Ranked 4th to 10th were Mega Financial 2886 with net selling of 2535 lots, First Financial Holding 2892 with net selling of 2502 lots, Yang Ming Marine 2609 with net selling of 2468 lots, Uni-President 1216 with net selling of 2239 lots, Hua Nan Financial 2880 with net selling of 1836 lots, HannStar Display 6116 with net selling of 1600 lots, and Taya 1609 with net selling of 1598 lots. The list shows net-sell targets concentrated in some financial, shipping and traditional industry stocks, with financial stocks occupying 4 spots.
Three Major Institutional Investors Net Sell 1398億; Investment Trusts Buy for 14th Straight Session
In terms of the three major institutional investors, foreign investors sold for a 2nd consecutive trading day, cutting 1124.67億元 today; investment trusts bought for a 14th consecutive trading day, adding 239.93億元; proprietary dealers recorded net selling of 38.4億元 in proprietary trading and net selling of 475.29億元 in hedging, for a combined net sale of 1398.43億元 by the three major institutional investors. Taiwan stocks closed the weekly and monthly lines today, with the加權指數 down a cumulative 829.6 points, or about 1.8%, for the week, with the weekly line closing lower for a 3rd consecutive week; for October it was down a cumulative 2728.3 points, or about 5.69%, with the monthly line also closing lower. Small and mid-cap stocks could not escape selling pressure, with the over-the-counter index ending down 17.11 points, or 4.42%, at 370.26 points.
Looking further, foreign investors' top five net buys were Yang Ming Marine, Taiwan Cement, Taiwan Business Bank, Chunghwa Telecom and Taiwan Cooperative Financial, while the top five net sells were AUO, Powerchip, Yageo, Nan Ya and Compal. Among them, Yang Ming Marine, Taiwan Cement and Taiwan Cooperative Financial bought by foreign investors all appeared in the top 10 net sells of the eight state-backed banks; Powerchip, Yageo, Nan Ya and Compal sold by foreign investors were bought by the eight state-backed banks. Investment trusts' top five net buys were Taishin Shin Kong Financial, CTBC Financial, Qisda, ASE Technology Holding and E.SUN Financial, while the top five net sells were UMC, China Airlines, Far Eastern New Century, Taiwan Cement and AUO. Among them, China Taiwan Shin Kong Financial was bought by both investment trusts and the eight state-backed banks, while UMC showed a divergent pattern with investment trusts selling and the eight state-backed banks buying.