Taiwan Stocks Return Above Quarterly Moving Average as Three Major Institutional Investors All Net Buy
Taiwan stocks rebounded strongly on the 28th, rising 939 points to close at 47035, returning above the quarterly moving average of about 46398 and reclaiming the 47000整数关卡. The three major institutional investors — foreign and mainland investors, investment trusts, and dealers — all posted net buys totaling NT$29.894 billion. Among them, foreign and mainland investors turned to a net buy of NT$15.922 billion, investment trusts posted a 12th consecutive trading day of net buying of NT$11.807 billion, and dealers posted a net buy of NT$2.165 billion, ending 12 straight days of net selling. In TAIFEX net positions, the three major institutional investors increased net long positions by 2,282 contracts to 2745 contracts, with foreign investors reducing net short positions by 1,126 contracts to 84,917 contracts.
Foreign Investors Add ETFs, Panel and Contract Manufacturers, Sell 台積電 for 14th Straight Day
According to Taiwan Stock Exchange statistics, stocks with foreign net buys of over 10,000 shares included Active CTBC Taiwan Income (00406A), 友達, Active Uni-President Upgrade 50 (00403A), 華邦電, 群創, 力積電, CTBC Taiwan-Japan-Korea PCB (009828), 聯電, 仁寶, 鴻海, 英業達, 南亞, Capital Taiwan Select High Dividend (00919) and others, concentrated in active ETFs, panel and OEM contract manufacturing groups. In contrast, stocks with foreign reductions of over 10,000 shares were only 旺宏, 台玻 and 寶成. Foreign investors trimmed 台積電 by 3,175 lots on the day, extending net selling of 台積電 to 14 consecutive trading days totaling nearly 156,000 lots, while also reducing 聯發科 by 1,037 lots, with 14-day cumulative selling reaching 35,100 lots.
Institutions See Pre-US Election Volatility With Support at 45000
Qifa Investment Consulting Vice General Manager 容逸燊 noted that ahead of the US midterm elections in early November, stock market performance remains in shrinking-volume consolidation, with the US Federal Reserve set to announce its interest rate decision this week and hedge fund accounting settlements at the end of October, with some funds recently withdrawing from Asian股市 to flow back to US stocks. He expects some funds could return to Asian stocks after the US midterms, with short-term Taiwan stocks seeing strong support in the 45000 to 46000 range. Observing foreign investor moves in Taiwan stock spot and futures markets, he said foreign investors narrowed selling in the spot market over the past 2 days, with TAIFEX net short positions falling below 85,000 contracts, showing a stance not persistently bearish.
AI Noise Is Short-Term, Long-Term Profit Trend Unchanged
Taishin Taiwan Small and Medium Active ETF Fund Manager 沈建宏 said Taiwan stocks reached a historic high near 50,000 points in early October, though gains were concentrated in a few groups with fast rotation, and factors including US Treasury yields and Federal Reserve rate moves continue to pressure equities. However, including market noise over the AI industry, the impact is short-term, while the long-term corporate earnings upgrade trend remains unchanged.