Foreign capital still sold 90.05 billion yuan! Is Taiwan’s stock market’s surge today another masterpiece of retail investors?

Taiwan stocks surged 1,960.06 points today, but foreign investors still sold NT$90.05 billion. (File photo)

[Reporter Zhuo Yijun/Report from Taipei] As Guoan Fund entered the market to protect the market for the tenth time, and the financing amount reached the largest weight loss in history last Friday, Philadelphia Semiconductor rebounded 4.21% last Friday. Taiwan stocks started to rebound from deep decline today. The weighted index once rose by more than 2,600 points, hitting the 42,000 point mark, setting the second highest point in history. Large electronic stocks Delta Electronics (2308), MediaTek (2454), Dalian Guang (3008) and Zhibang (2345) exceeded the daily limit of 240 stocks. The final weighted index converged, rising 1960.06 points to close at 41661.70 points. However, according to the latest According to the announcement, foreign investors are still selling Taiwan stocks for 90.05 billion yuan today, and futures have been shorted to a record high level of 101,700 contracts. This shows that today’s surge is entirely contributed by domestic funds and retail investors, and the short-term chips of Taiwan stocks may be chaotic again.

Taiwan stocks showed an unfavorable structure of unlimited gains today. Foreign investors continued to buy 90.05 billion yuan today, which is similar to the 91.18 billion yuan sold over the Taiwan stock market crash last Friday. The New Taiwan dollar once fell by 1.69 cents, and foreign investors sold heavily today. TSMC (2330) outsold 8,759 units, sold more than MediaTek (1,935 units), sold more than Delta Electronics (1,625 units), outsold Xinxing (3,037) as high as 10,800 units, and outsold Jingshuo (3,189) at 8,198 units.

Last Friday, retail investors in the Taiwan stock market lost their hands and feet. Listed financing dropped significantly by 42.356 billion yuan, and OTC financing dropped by 14.062 billion yuan. The total listed OTC financing dropped by 56.418 billion yuan, the largest amount in history. Although the Taiwan stock market is currently protected by national security funds and air restrictions, Huang Renxun, CEO of Huida, revealed an extramarital affair with a suspected Chinese partner. Spy, Huida has launched an independent investigation, causing Huida's stock price to open low in night trading, and once plunged more than 6%. Next, the United States will release important data such as the Consumer Price Index (CPI) and the Producer Price Index (PPI) in October. The market currently expects the United States to raise interest rates again in December, casting variables for the future rebound.