Opened higher then plunged 1451 points, recouped losses by midday
With ongoing U.S. midterm vote counting moving global financial markets, Taiwan stocks opened today at 43449.45 points, rising over 400 points in early trading to a high of 43741.54 points, before selling pressure emerged and the index turned sharply lower to an intraday low of 41855.82 points, down 1451.72 points from the previous close, with an intraday high-low swing of 1885.72 points. As the election picture became clearer at midday, buying returned and the index gradually recouped losses, closing at 42948.91 points, down 358.63 points or 0.83%, up 1093.09 points from the low, with turnover reaching 1兆1148.21億元.
Heavyweights diverge as MediaTek rises against trend
Heavyweights diverged, TSMC (2330) closed at 2260元, down 35元 or 1.53%, up 25元 from its intraday low of 2235元; Hon Hai (2317) closed at 240元, down 2.24%, Delta Electronics (2308) closed at 1220元, down 3.94%. MediaTek (2454) rose 1.09% against the trend to close at 3715元, rebounding 260元 from its intraday low; ASE Technology Holding (3711) rose 1.79%. EMC (2383) and UMC (2303) rose 3.64% and 2.43% respectively, while Quanta (2382) and Nanya Technology (2408) fell 2.89% and 2.8% respectively. In financials, Fubon Financial (2881) edged up 0.32%, Cathay Financial (2882) and CTBC Financial (2891) fell 1.77% and 1.35% respectively; Nan Ya Plastics (1303) rose 2.03% against the trend. Advancers numbered 845, including 49 limit-up, decliners numbered 974, with only 4 limit-down, sharply fewer than the previous day's 74.
Foreign investors sell for 5th day, investment trusts buy for 17th day in tug of war
Chip distribution showed domestic versus foreign divergence, with the three major institutional investors selling a combined 1597.88億元, including foreign investors selling 1498.99億元 for the 5th straight trading day on the sell side; proprietary traders sold 375.19億元, also selling for 5 straight days, including 7.53億元 sold on own-account trading and 367.66億元 sold in hedging positions; investment trusts bought 276.31億元 against the trend, marking a 17-session buying streak. In futures, foreign investors' net short positions in TAIFEX index futures rose to 93647 contracts, up about 1830 contracts from the previous trading day. Margin balances on the previous trading day (3rd) fell 229.25億元 to 5997.74億元, with focus ahead on changes in margin balances and futures short positions.
Two leveraged 2x ETFs top 135萬張 as leveraged trading stays hot
ETF trading was especially brisk, Yuanta Taiwan 50 (0050) traded 38.96萬張 with turnover of 386.6億元, closing at 99.85元; Yuanta Taiwan 50 Bull 2X (00631L) traded 52.75萬張 with turnover of 161.69億元; Capital Taiwan Weighted Bull 2X (00685L) traded 82.36萬張 with turnover of 82.49億元, with the two 2x bull ETFs combining for over 135萬張. Active CTBC Taiwan Income (00406A) led by volume with 136.6萬張; Active Uni-President Taiwan Stock Growth (00981A) traded 40.62萬張; Yuanta Taiwan 50 Inverse 1X (00632R) traded 30.98萬張, showing leveraged products remained notably active amid the day's sharp swings.