2023-10-04 07:13:32
[Times-Taipei]U.S. stocks fell sharply on Tuesday, with TSMC (2330) and Taiwan stocks simultaneously hitting low support, with both short-term moving averages losing ground. Today, foreign capital (excluding foreign self-operated traders) sold more than 25.90898 billion yuan, investment trusts bought more than 2.21715 billion yuan, self-operated traders sold more than 7.77474 billion yuan, and the three major legal persons sold more than 31.466 billion yuan.
Foreign investors continued to sell Taiwan stocks today, and the overselling amount expanded to 25.9 billion yuan, the sixth largest overselling amount this year.
Foreign investors reverse-sold Taiwanese stocks by 15.8 billion yuan on Tuesday, turning foreign investors’ overbuying into overselling this year. They sold for the second time in a row today, with a total of overselling Taiwanese stocks by 41.71 billion yuan in two days. So far this year, foreign investors have sold more than 35.145 billion yuan of Taiwanese stocks.
Selling pressure on self-operated traders also intensified today. Only Investment Trust has been overbought for the 44th day in a row, continuing to support Taiwan stocks alone.
The market is worried about the subsequent interest rate hikes by the Federal Reserve, and the removal of House Speaker McCarthy may extend the crisis of the U.S. government shutdown. U.S. bond yields soared, and all major U.S. stock indexes fell, ranging from 2.1% to 1.29%. The semi-index performed the weakest.
TSMC ADR closed down 2.56%. TSMC jumped 8 yuan to 521 yuan today (October 4). Taiwan stocks opened lower simultaneously and then hit the low of 16,212 points on September 27 last Wednesday. As Quanta (2382), one of the leading players in AI, opened lower and retested its 5-day moving average, Taiwan stocks closed at a slightly lower rate. The weighted index fell 180.96 points at the end, closing at 16273.38 points. The closing bar broke through the 5-day moving average and 10-day moving average. On the daily line, the transaction value was 238.238 billion yuan.
U.S. bond yields continued to rise, the U.S. dollar index hit a recent high, U.S. stocks fluctuated, and Taiwan’s stock exchange rate both fell today.
After the New Taiwan dollar hit a new low in more than six years on Tuesday, the New Taiwan dollar continued to weaken and hit another low this morning. The exchange rate of the New Taiwan dollar against the U.S. dollar opened at 32.35 yuan. It fell all the way in early trading, falling as low as 1.07 cents to 32.435 yuan. It temporarily closed at 32.425 yuan at midday, down 9.7 cents. The Taiwan dollar did not fall further in the afternoon. It is currently 32.398 yuan against the US dollar, depreciating 7 cents.
The U.S. Federal Reserve’s (Fed) high interest rates may last longer. If the Fed becomes more hawkish than expected, the strong U.S. dollar will receive strong support, and the New Taiwan dollar will not rule out continued depreciation, which will be detrimental to the return of foreign hot money. The trend of Taiwan stocks in the fourth quarter still needs to be monitored by the trend of US stocks and the US dollar. (Editor: Shen Peihua)
1696421340
#Taipei #Stock #Market #Foreign #investors #sold #billion #stocks #exchanges