Intraday Plunge of 3737 Points, Falls Below 40,000
Taiwan stocks faced heavy selling pressure on the 6th. The TAIEX plunged 3737.67 points intraday to a low of 37837.05 points, and closed at 39701.64 points, down 1873.08 points, or 4.51%, falling below the 40,000 mark, with listed turnover reaching NT$1 trillion 2461.04億. Electronic heavyweights were broadly weaker. The market opened lower and losses deepened, and although buying emerged late to narrow the decline, the index still failed to stand back above 40,000.
Foreign Investors Sell NT$91.1 Billion, Investment Trusts Buy Against Trend
According to post-market chip movements released by the Taiwan Stock Exchange, the three institutional investors sold a net NT$1140.06億, reflecting continued capital outflows. Among them, foreign and mainland investors sold a net NT$911.88億, the largest sellers today. Proprietary dealers sold a net NT$494.76億 combined, including NT$43.09億 in own-account trading and NT$451.66億 in hedging operations. Investment trusts bought a net NT$266.57億 against the trend, the only net buyers among the three institutional investors, but the buying force was still insufficient to offset the huge selling pressure from foreign investors and proprietary dealers.
Electronic Heavyweights and AI Stocks Weaken Across the Board
Among electronic heavyweights, TSMC fell to the limit-down price at the open, but buying emerged late, and it closed at NT$2135, down NT$105, or 4.69%. MediaTek closed at NT$3390, down NT$70, or 2.02%. Delta Electronics closed at NT$1055, down NT$75, or 6.64%, the steepest drop among heavyweights. Hon Hai closed at NT$224.5, down NT$10.5, or 4.47%. Quanta closed at NT$290.5, down NT$9.5, or 3.17%.
AI-related stocks also faced selling pressure. Inventec closed at NT$52.6, down NT$2.4, or 4.36%. Wistron closed at NT$160, down NT$8.5, or 5.04%. Acer closed at NT$29, down NT$0.2, or 0.68%. Gigabyte closed at NT$298, down NT$15, or 4.79%. Alchip-KY closed at NT$2830, down about NT$130, or 4.39%. Facing an intraday plunge of over 3700 points, retail investors in online communities expressed surprise that foreign selling did not exceed NT$100 billion, saying everything was green at the open and hard to sell, and worried that selling pressure would continue next week, with market sentiment remaining cautious.