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BackPower Semiconductor Manufacturing Co., Ltd. only rose 11.9% before being raided! The murderer behind the scenes was caught, 690,000 shareholders were shocked
Power Semiconductor Manufacturing Co., Ltd. only rose 11.9% before being raided! The murderer behind the scenes was caught, 690,000 shareholders were shocked
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自由时报17 minutes agoBusiness1 min readChinaView original

Power Semiconductor Manufacturing Co., Ltd. only rose 11.9% before being raided! The murderer behind the scenes was caught, 690,000 shareholders were shocked

Quick Look

  • Taiwan stocks rose 1,545.23 points at the end of Wednesday, but foreign investors and investment trusts joined forces to sell off Power Semiconductor Manufacturing Co., Ltd., which has more than 690,000 shareholders.
  • Foreign investors sold another 31,000 contracts today, and investment trusts simultaneously sold more than 4,986 contracts.
  • Affected by this, Power Semiconductor's stock price overturned after rising 11.9% for two consecutive years, closing at 58.5 yuan, down 1.18%.

AI-generated summary

Why It Matters

Taiwan stocks surged 1,545.23 points on Wednesday, driven by high-priced stocks such as TSMC and MediaTek.

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Power Semiconductor Manufacturing Co., Ltd. only rose 11.9% before being raided! Foreign investors and investment banks joined forces to slash the stock price, causing the stock price to plummet.

The Taiwan stock market opened higher on Wednesday (11th), led by the wafer duo. However, after selling orders came out, the index once turned black, and then ignited when multiple parties entered the market. High-priced stocks such as TSMC and MediaTek called for a charge. The index continued to rise, ending with a sharp increase of 1545.23 points, the sixth largest closing in history, although foreign investors only oversold. 766 million yuan, but it made a huge withdrawal from Power Semiconductor Manufacturing Co., Ltd., which has more than 690,000 shareholders. After selling more than 8,352 units yesterday, it sold another 31,000 units today, while Investment Credit also sold 4,986 units simultaneously. Affected by this, the stock price overturned after rising 11.9% for two consecutive days. Today the stock price closed at 58.5 yuan, down 1.18%.

The top 10 stocks sold by foreign investors on Wednesday were Power Semiconductor (6770) with 31,066 shares, Compal (2324) with 24,003 shares, Nanya (1303) with 12,876 shares, Inventec (2356) with 11,481 shares, and CITIC Gold (2891) 8181, Acer (2353) 7567, Dongtai (4526) 6202, Sinosteel (2002) 6161, Winbond (2344) 5874, Taiwan Watch (6278) 5278.

Open Questions

  • Will foreign investors continue to sell off Power Semiconductor in the future?
  • Can Power Semiconductor's share price stop falling and stabilize?

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This article was originally published by 自由时报.

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