Reported 7 months ago
Taiwan Stock Market stabilizes at 22,000 points causing a stir among foreign investors who continue to increase their stake in Taiwanese stocks, pouring in over 32.3 billion yuan today and exceeding a total buyout amount of 49 billion yuan for the second day in a row. Foreign investment, self-employed businesses, and investment trusts all bought more Taiwanese stocks today, with foreign investments exceeding 32.05 billion yuan, traders buying over 1.79 billion yuan, and investment trusts adding 540 million yuan, making a total of 34.635 billion yuan of Taiwanese stocks bought by the three major institutions. Observing the trend of the three major institutions, foreign investors have been increasing their investments in Taiwanese stocks for consecutive days, with another 32.3 billion yuan poured in today, adding to the 16.817 billion yuan bought yesterday, totaling 49.122 billion yuan in two days. As a result of the low May inflation data in the United States, the Fed maintaining interest rates and hinting at a potential rate cut later this year, bond yields declining, the US dollar weakening, and US tech stocks hitting new highs, the New Taiwan dollar showed a strong upward trend by a dime during the day, along with the three major Taiwan electronics companies hitting all-time highs. Foreign investors, who flipped from selling over 16.8 billion yuan yesterday, made a strong comeback with a 32.3 billion yuan purchase today, fully buying back all the significant sales made on June 11. Self-employed businesses halted the ten-day selling streak by buying over 21.7 billion yuan of Taiwanese stocks today, while investment trusts continued to buy over 540 million yuan, resulting in a total of 34.635 billion yuan of Taiwanese stocks sold by the three major institutions. The Taiwan stock market opened at 22,217 points today, reaching a high of 22,440 points, and closed at 22,312 points, up by 263 points or 1.19%; TSMC rose by 13 yuan and closed at 919 yuan.
Source: YAHOO