Foreign Investors Reduce Holdings in Popular Active ETFs, Sell Over NT$430 Billion in Taiwan Stocks in 5 Days
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AI Summary (NQ-processed)
Foreign investors sold Taiwan stocks for five consecutive trading days, with cumulative net selling reaching NT$437.4 billion. This caused the TAIEX to plunge 1,478.90 points on the 10th, closing at 43,225.54 points, marking the sixth-largest closing loss in history. An analyst from Nomura Investment Trust stated the correction is reasonable, with AI remaining the market's main axis, but sector rotation is accelerating, advising investors not to chase highs in the short term.
AI Analysis
Frequently Asked Questions
- Q: Why did Taiwan stocks plunge?
- A: Due to heavy selling by foreign investors and dealers, creating strong selling pressure, especially in tech stocks.
- Q: How much did foreign investors sell?
- A: They sold NT$93.574 billion on the 10th, with cumulative sales reaching NT$437.4 billion over the past five days.
- Q: What is the outlook?
- A: Nomura believes AI remains the market's main axis but advises against chasing short-term highs.