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Back710,000 shareholders are happy! Foreign investors slashed RMB 52.1 billion and bought 37,200 tickets in this category, with the stock price soaring nearly 5%.
710,000 shareholders are happy! Foreign investors slashed RMB 52.1 billion and bought 37,200 tickets in this category, with the stock price soaring nearly 5%.
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自由时报52 minutes agoBusiness1 min readChinaView original

710,000 shareholders are happy! Foreign investors slashed RMB 52.1 billion and bought 37,200 tickets in this category, with the stock price soaring nearly 5%.

Taiwan stocksforeign capitalTaishin Shin Kong Gold

Quick Look

  • Taiwan stocks fell 11 points to close at 49,301 points on Monday.
  • Although foreign investors continued to sell more than 52.198 billion yuan, they bucked the trend and bought 37,200 shares of Taishin Shin Kong Gold, causing its stock price to surge 4.88% to close at 43 yuan, and the trading volume increased to 62,400 contracts.

AI-generated summary

Why It Matters

The Taiwan stock index fluctuated on Monday due to the pullback of popular stocks such as TSMC, with foreign investors outselling Taiwan stocks by 52.198 billion yuan.

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Foreign investors slashed Taiwan stocks by RMB 52.1 billion, and only favored Taishin Shin Kong Gold, buying 37,200 shares, and the stock price soared 4.88%. (File photo)

[Financial Channel/Comprehensive Report] Taiwan stocks pulled back on Monday (12th) on popular stocks such as TSMC. The index once fell by more than 500 points, falling below 49,000. Fortunately, stocks in the optoelectronics, finance, shipping and other sectors bucked the trend and the index pulled sharply. It ended up falling 11 points to close at 49,301 points. However, foreign investors continued to sell more than 52.198 billion yuan, but they continued to buy Taishin Shin Kong Gold, which has more than 710,000 shareholders. They bought 37,200 contracts as soon as they made the move. Encouraged by this, the stock price opened higher and ended up rising 4.88% to close at 43 yuan. The trading volume increased to 62,400 contracts.

The top 10 stocks bought by foreign investors on Monday were Taishin Shin Kong Gold (2887) with 37,213 shares, Taiwan Cement (1101) with 36,209 shares, Sinosteel (1101) with 29,964 shares, Kai Fund (2883) with 29,422 shares, Yang Ming (2609) ) 20,777 tickets, Taijinbao-DR (9105) 16,424 tickets, Innolux (3481) 15,850 tickets, Guoqiao (1312) 14,930 tickets, Pegatron (4938) 14,784 tickets, and CITIC Gold (2891) 12,452 tickets.

Open Questions

  • Will foreign investors continue to overbuy financial stocks in the future?

Related Topics

Taiwan stocks
OrganizationsTSMCTaishin Shin Kong GoldTaiwan CementSinosteel
Topicsforeign capitalTaishin Shin Kong GoldTSMCstock market
This article was originally published by 自由时报.

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