Foreign capital buys NT$66.9 billion, selling off Yageo and Taiwan Glass; memory stock Macronix hit hardest with 27,800 shares sold

Taipei's financial markets are celebrating a remarkable day, with the stock exchange reaching unprecedented heights. The TAIEX index soared by an impressive 1778 points, closing at a record 40705. This bullish sentiment was significantly fueled by a substantial inflow of foreign capital, with international investors buying a net NT$66.9 billion worth of shares. This influx of foreign funds underscores Taiwan's attractiveness as an investment destination, particularly given the strong performance of key technology companies. While semiconductor giants like TSMC and MediaTek led the charge, demonstrating the island's dominance in the global tech supply chain, the market's resilience was further tested and proven. Even as foreign investors offloaded shares in certain companies, such as Macronix, domestic investors stepped in to provide crucial support, ensuring that these stocks maintained their value. This dynamic interplay between foreign and domestic investment highlights the robust health and self-sustaining nature of Taiwan's stock market, showcasing its ability to absorb external pressures and continue its upward trajectory.