Reported 8 months ago
Taiwan's stock market closed lower on the 21st due to a sharp decline in the U.S. stock market and major heavyweight stocks like TSMC going cold, resulting in a 152-point drop to 23,253 points. The market is under short-term pressure with foreign investors turning from buyers to sellers and a significant increase in net short positions in futures. It is anticipated that the market may see a correction next week. Despite a three-week upward trend, the stock market shows signs of correction with a probability of consolidation between 22,400 and 23,600 points, influenced by the increased net short positions in futures.
Source: YAHOO