Taiwan Business Quick Take
Foreigners buy NT$26bn
Foreign investors last week bought a net NT$26.46 billion (US$946.69 million) of local shares after selling a net NT$93.47 billion the previous week, the Taiwan Stock Exchange said in a statement yesterday. The top three shares bought by foreign investors last week were Evergreen Marine Corp (長榮海運), Cathay Financial Holding Co (國泰金控) and CTBC Financial Holding Co (中信金控), while the top three sold were HannStar Display Corp (瀚宇彩晶), AU Optronics Corp (友達光電) and Innolux Corp (群創), the exchange said. As of Friday last week, the market capitalization of shares held by foreign investors was NT$22.07 trillion, or 44.29 percent of total market capitalization, it said.
TAIEX rises despite local outbreak as shares of container shippers climb
SURGE: Transactions in the shipping sub-index made up 37 percent of all transactions, which an investor said indicated a shaky structure of market participants
By Kao Shih-ching / Staff reporter
The TAIEX yesterday gained 0.22 percent to 16,338.29 points, despite rising numbers of locally transmitted COVID-19 cases in the nation over the weekend.
“The surging cases weighed on the stock market, but it was offset by investors’ passion for container shipping stocks, given strong freight rates and local shippers’ rosy profits last quarter,” Hua Nan Securities Investment Management Co (華南投顧) chairman David Chu (儲祥生) said by telephone.
Taiwan shares end almost flat as old economy stocks weather pressure focustaiwan.tw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from focustaiwan.tw Daily Mail and Mail on Sunday newspapers.
Taiwan shares keep falling amid COVID-19 panic
05/13/2021 06:17 PM
CNA photo May 13, 2021
Taipei, May 13 (CNA) Taiwan s stock market continued a downward trend Thursday, finishing the session 1.46 percent lower amid escalating fears over a spike in domestic COVID-19 cases, but remained above the six-month moving average of 15,588 points.
The Taiwan Stock Exchange weighted index, or Taiex, ended down 232.27 points, or 1.46 percent, at 15,670.10 after moving between 15,368.54 and 16,031.93. Turnover totaled NT$568.28 billion (US$20.32 billion).
Shares continued their downward trend from the previous day, when the weighted index ended down 680.76 points, or 4.11 percent, at 15,902.37, after tumbling by more than 1,000 points in early trading amid the spike in the number of domestically transmitted COVID-19 cases.