Open High, Pull Back, 908-Point Swing
台股 27日 was the first trading day after the extended holiday. Boosted by rebounds in Japanese and South Korean markets, the TAIEX opened up 169.77 points at 46211.20 points, climbing intraday to 46585.45 points, up more than 540 points. Profit-taking pressure then emerged, pushing the index from gains into losses, testing a low of 45676.67 points, with a maximum intraday decline of 364.76 points, for a high-low range of 908.78 points. Supported by buying, it closed at 46096.23 points, up 54.8 points, or 0.12%, holding above 4.6萬點, with turnover of 9782.87億元. On the previous trading day, 22日, 台股 had plunged 846.34 points ahead of the holiday, with foreign investors selling over 816億元, as the market remained cautious about global tech-stock volatility and upcoming corporate earnings.
台積電 Lift Into the Close Holds the Market in Positive Territory
Among heavyweights, 台積電 (2330) closed at 2400元, up 15元, including 6590張 traded in the final auction via 6590張, with the closing auction price 10元 above the 下午1時25分 price of 2390元, a key support for the market closing higher. A higher index did not mean a broad rebound: 783 listed stocks rose and 1024 fell, with 22 limit-up and 11 limit-down, a clear pattern of more decliners than advancers, reflecting buying concentrated in selected heavyweights. By volume, 主動中信台灣收益 (00406A) topped the market with about 128萬張; among individual stocks, 友達 (2409) led with about 33.85萬張, closing at 33.45元, down 1.95元, or 5.51%, after touching an intraday high of 36.55元, showing sharp short-term volatility.
Semiconductors and Traditional Industries Generally Under Pressure
Semiconductor names traded actively: 力積電 (6770) closed at 69.4元, down 3元, or 4.52%, with about 15.96萬張 traded; 聯電 (2303) closed at 122.5元, down 3元, or 2.39%, with about 12.53萬張 traded. Panel stock 群創 (3481) closed at 46.25元, down 1.07%; traditional-industry stocks 台玻 (1802) closed at 65.2元, down 2.83%, and 南亞 (1303) closed at 297.5元, down 1.16%, with popular groups generally facing selling pressure. ETF trading stayed active: 主動統一升級50 (00403A) and 主動統一台股增長 (00981A) traded about 27.4萬張 and 27.22萬張 respectively, while 元大台灣50 (0050) traded over 14萬張, reflecting investors adjusting positions through ETFs amid volatility.
投信大 Buying, Foreign-Investor Futures Shorts Ease
On fund flows, the three major institutional investors together bought a net 31.42億元, a sharp narrowing from net selling of nearly 1000億元 on the previous trading day. Among them, 投信大 buying of 236.45億元 was the main source of buying; foreign investors sold a net 81.04億元, and dealers sold a net 123.99億元, including 7.68億元 net buying on proprietary accounts and 131.67億元 net selling on hedging accounts. In futures, foreign-investor TAIFEX net shorts fell to 86043 contracts, down 1254 contracts from the previous trading day, a slight pullback in short positions, though the total remained above 8.6萬口. This week, the Federal Reserve rate decision, U.S. Big Tech earnings, and major Taiwanese corporate investor conferences are due, with the market focused on AI capital spending, semiconductor demand, and fourth-quarter outlooks, while watching whether foreign-investor selling pressure continues to ease.