Market Plunges Below 45000 Points
U.S. stocks came under selling pressure on 週四, as Alphabet reported weaker-than-expected earnings with free cash flow turning negative, and Marvell plunged over 13%, dragging all four major U.S. indexes lower, with the Philadelphia Semiconductor Index falling over 1%, while TAIFEX night futures plunged 643 points. Taiwan stocks on 10月30日 opened down 228.54 points at 46139.79 points, the New Taiwan dollar depreciated over 1角 again, selling pressure widened, and the index fell to an intraday low of 44726.26 points, plummeting 1642.07 points and falling below the 45000-point mark. Losses narrowed into the close, ending down 1156.5 points, or 2.49%, at 45211.83 points, with turnover reaching 8777.3億元. The session also marked the weekly and monthly close, with a weekly cumulative loss of 829.6 points, or about 1.8%, marking a third straight weekly black K-line; October cumulatively fell 2728.3 points, or about 5.69%, ending the monthly K-line in the black. The OTC index opened down 3.17 points at 384.2 points, fell to an intraday low of 365.7 points, and closed down 17.11 points, or 4.42%, at 370.26 points, with turnover of 2021.09億元.
Institutions Diverge as Investment Trusts Post 14th Straight Buy to Counter Selling
Among the three major institutional investors, foreign investors sold a net 1124.67億元, a 2nd straight selling day; investment trusts bucked the trend and bought a net 239.93億元, a 14th straight buying day; proprietary dealers sold a net 38.4億元, a 2nd straight sell, while proprietary hedging sold a net 475.29億元, a 16th straight sell, bringing total net selling by the three major institutional investors to 1398.43億元. The top five net buys by foreign investors were Yang Ming with 16598 shares, Taiwan Cement with 13123 shares, Taiwan Business Bank with 9125 shares, Chunghwa Telecom 8201 shares and Taiwan Cooperative Financial with 7940 shares; the top five net sells were AUO with 28002 shares, PSMC with 22447 shares, Yageo* with 16111 shares, Nan Ya Plastics with 15974 shares and Compal with 14430 shares. The top five net buys by investment trusts 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, with UMC sold a net 35438 shares by investment trusts. Excluding ETFs, Yang Ming led with net buying of 16852 shares, CTBC Financial was second with 16185 shares, and Evergreen Marine was third with 10531 shares; AUO led total selling with 36485 shares, UMC was second with 30187 shares, and PSMC was third with 23976 shares.
Heavyweight and High-Priced Stocks Broadly Weaker
Heavyweights were generally under pressure, with TSMC opening down 35 yuan at 2380 yuan, touching an intraday low of 2360 yuan, and closing down 45 yuan, or 1.86%, at 2370 yuan, dragging the broader market by about 353 points. MediaTek opened down 225 yuan at 3820 yuan, touched an intraday low of 3805 yuan, and closed down 130 yuan, or 3.21%, at 3915 yuan. Delta Electronics opened down 115 yuan, falling to 1335 yuan at the limit-down price. High-priced stocks were the focus of selling, with 7 thousand-gold stocks touching limit-down intraday, stock king ASPEED falling nearly 6% to close at 15970 yuan, stock queen King Slide falling over 2% to close at 9650 yuan, Chroma ATE touching limit-down, Auras Technology falling over 9%, and TUC and Gold Circuit Electronics falling over 8%. On the ETF side, Fuhua FTSE Real Estate led buying with 26313 shares, Active CTBC Taiwan Income led selling with 970382 shares, Capital Taiwan Weighted Positive 2x saw 393643 shares sold, Yuanta Taiwan 50 Positive 2x saw 225555 shares sold, and Yuanta Taiwan 50 saw total selling of 162735 shares.