Foreign Investors Sell 90,000 Shares of UMC! Market Hit as Price Drops with 230,000 Shares Thrown Out in a Single Week

Reported about 1 year ago

According to the Taiwan Stock Exchange data on chip trends from June 24 to 28, foreign investors sold 90.77 billion NTD more than they bought this week, notably heavily selling stocks like UMC and ASE Technology with UMC being the second most sold stock with 90,000 shares discarded, leading to a 1.24% drop in stock prices on Friday. Overall, foreign investors and mainland capital combined to buy 90.77 billion NTD more this week, while the three major institutional investors collectively sold a total of 62.803 billion NTD worth of stock. The top three most sold stocks this week include UMC, ASE Technology, and CSC Steel, with UMC being hit the hardest by foreign investors.

Source: YAHOO

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