Steel Stock Plummets 9.4% as Foreign Investors Sell Nearly 5 Thousand Shares; Acer Suffers 16th Consecutive Selling Streak

Reported about 1 year ago

On June 18, 2024, the Taiwan stock market closed with a 1.16% increase, with the Weighted Index gaining 260.90 points to reach 22,757.43 points. Foreign investors bought NT$153.69 billion and sold NT$135.86 billion, resulting in a net buying of NT$17.83 billion. Acer (2353), a leading AI PC stock, topped the list of stocks sold off by foreign investors, with over 25,000 shares sold and marking the 16th consecutive selling streak. Another steel company, Chunghsin, saw a dramatic drop of 9.49% after foreign investors sold nearly 5,000 shares, causing the stock price to temporarily hit the limit down. Amid concerns, many netizens expressed sorrow over the situation of Acer (2353) and wondered about its future.

Source: YAHOO

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