Taiwan Semiconductor tests the 1,000 yuan mark, and the Taiwan stock market has two consecutive weekly declines
Taiwan Semiconductor's stock price tested the NT$1,000 mark, with the Taiwan Weighted Index falling 139 points on the 7th, closing at 22,576 points, with a trading volume of approximately NT$367.2 billion. The three major institutional investors collectively sold NT$38.04 billion, while foreign futures net short positions decreased. Last week, the Taiwan stock market dropped 477 points, a decline of 2.0%, marking two consecutive weeks of losses. Influenced by the U.S. stock market, weighted stocks faced pressure, and attention needs to be paid to related risks and Trump's dynamics in the short term
The weighted index fell 139 points over the past 7 days, closing at 22,576 points, with a trading volume of approximately NT$ 367.2 billion. In terms of market sentiment, the three major institutional investors sold a net of NT$ 38.04 billion, with foreign investors reducing their net short positions in futures by 27 contracts to 40,458 contracts, selling NT$ 29.5 billion in the spot market, while investment trusts bought NT$ 2.66 billion, and proprietary traders sold NT$ 11.2 billion. Last week, the Taiwan stock market fell 477 points, a decline of 2.0%, marking two consecutive weeks of losses.
Yongfeng Futures pointed out that last week, Sichuan announced again the suspension of the 25% tariffs on Canada and Mexico, while the overall U.S. stock market remained shrouded in uncertainty under Trump's tariff policies, with all four major indices closing in the red. In the Taiwan stock market, although it opened flat due to the influence of U.S. stocks, the weighted stocks could not withstand selling pressure, with TSMC once again testing the NT$ 1,000 mark, and the performances of MediaTek and Hon Hai were also weaker. Only the three major telecoms, UMC, and Evergreen were able to support the market. In terms of popular stocks, the memory sector, which has a lower base, made gains. The overall market pattern is characterized by large-range fluctuations, and the overall market continues to repeatedly test the lower edge of the range without being able to regain the 5-day moving average. Short-term investors need to pay attention to related risks, and also keep an eye on developments regarding Trump
