Taiwan stocks faced heavy selling pressure on November 3, with the weighted index trending lower after the open and closing at 43,307.54 points, plunging 1,612.60 points, or 3.59%, falling below the 44,000 mark, with turnover of about 9,301.54 hundred million yuan. Selling pressure was strong throughout the session, with the broader market remaining weak and closing near the intraday low, as market sentiment turned cautious.
Three Major Institutional Investors Net Sold 1464.57 Hundred Million Yuan
According to post-market chip movements released by the Taiwan Stock Exchange, the three major institutional investors net sold 1,464.57 hundred million yuan, reflecting continued capital outflows. Foreign and mainland investors net sold 1,073.07 hundred million yuan, the largest sellers of the day; dealers net sold 590.55 hundred million yuan, including 87.04 hundred million yuan in proprietary trading and 503.51 hundred million yuan in hedging operations. In contrast, only investment trusts bought over 199.05 hundred million yuan against the trend, the only institutional buyers, though the amount was far from offsetting the heavy selling from foreign investors and dealers.
Electronics Heavyweights and AI Stocks Weaken Across the Board
Electronics heavyweights weakened across the board, with TSMC closing at 2,295 yuan, down 35 yuan, or 1.50%; MediaTek closing at 3,675 yuan, down 295 yuan, or 7.43%; Delta Electronics down 85 yuan to close at 1,270 yuan, or 6.27%; Hon Hai closing at 245.5 yuan, down 5.5 yuan, or 2.19%; Quanta down 6.5 yuan to close at 311.5 yuan, or 2.04%. Among them, MediaTek and Delta Electronics posted particularly heavy declines, becoming key drags on electronics stocks and the broader market.
AI-related stocks also failed to escape selling pressure, with Inventec closing at 57.2 yuan, down 2.4 yuan, or 4.03%; Wistron closing at 176.5 yuan, down 2.75%; Acer closing at 29.7 yuan, down 0.6 yuan, or 1.98%; Gigabyte down 12.5 yuan to close at 327 yuan, or 3.68%; Alchip-KY down 255 yuan to close at 3,140 yuan, or 7.51%. Overall, electronics and AI groups pulled back in tandem, and investors should make independent judgments, carefully evaluate risks, and bear their own investment risks.