TAIEX Climbs 1.3% as Taiwan’s Rebound Broadens Beyond TSMC
The TAIEX rose 1.34% to 44,825.78 on Wednesday as foreign investors and investment trusts bought nearly NT$17B each — but TSMC sat out, and MediaTek, UMC and Hon Hai carried the tape.
The TAIEX rose 1.34% to 44,825.78 on Wednesday as foreign investors and investment trusts bought nearly NT$17B each — but TSMC sat out, and MediaTek, UMC and Hon Hai carried the tape.
The TAIEX surged 4.20% to 44,232.87 on Tuesday, clawing back part of Friday’s historic 6.47% rout. But the rebound was domestically funded: investment trusts bought NT$17.23B while foreign investors stayed net sellers at NT$-4.33B.
The TAIEX gave back an early bounce to close down 0.52% at 42,449.70 in the first session after Friday’s record plunge. TSMC rose on a $100B Arizona expansion, but UMC cratered 9.7%, foreigners kept selling, and investment trusts did the buying.
Taiwan’s benchmark fell 6.47% to 42,671 on Friday as an overnight 4.29% rout in the Philadelphia Semiconductor Index swept through Taipei. TSMC dropped 7.29% despite a record Q2, UMC closed limit-down, and foreign investors had already sold NT$48.3 billion of cash equities heading into the session.
The TAIEX closed essentially unchanged at 45,624.98 on Thursday, absorbing a 2% overnight drop in the Philadelphia Semiconductor Index. Foreign investors sold a heavy NT$48.33B in cash equities while TSMC rose 1.23% ahead of its 14:00 earnings conference.
The TWSE suspended all trading Friday as Typhoon Bavi approached Taipei, freezing the tape at Thursday’s close: TAIEX 45,354.61, down 0.83% on the day and 3.05% on the week, with foreign investors selling NT$47.25B into the break.