Foreign Investors Sell NT$46.6 Billion, a 4-Day Streak, Led by a 130,000-Contract Sale of First Financial
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On May 20, the Taiwan stock market closed down 154.74 points at 40020.82, holding the 40,000 mark. The three major institutional investors recorded a total net sell of NT$57.272 billion. Foreign and mainland Chinese investors led the sell-off with NT$46.639 billion, marking their fourth consecutive day of net selling. The top sells included First Financial Holding, a Uni-President product, and UMC. Analyst Tsai Ming-han noted that the market is in a high-level consolidation phase with strong fundamentals from better-than-expected corporate earnings, and anticipates the upcoming COMPUTEX in early June will trigger the next rally.