Foreign Investors Sell $5.7 Billion in Taiwan Stocks; Financial Shares Lead Decline

Foreign investors offloaded a significant net of 5.73 billion yuan in Taiwanese stocks on Tuesday, with financial sector shares bearing the brunt of the sell-off. The Taiwan Stock Exchange experienced considerable volatility, swinging over a thousand points during the day, but ultimately closed down 25 points, largely influenced by foreign capital outflows.

Among the hardest-hit stocks was Chang Hwa Bank (2801), which saw foreign investors divest over 60,000 shares within a two-day period. This substantial selling pressure resulted in a 0.79% drop in its stock price, closing at 25.2 yuan on a significantly increased trading volume of 68,800 shares.

Other major financial institutions also faced considerable selling pressure. Taiwan Business Bank (2834) and Mega International Commercial Bank (2812) were among the top three most sold stocks by foreign investors, experiencing sell-offs of 30,317 and 29,219 shares, respectively. This concentrated selling in the financial sector highlights a shift in foreign investor sentiment towards Taiwanese equities.

The top ten stocks sold by foreign investors on Tuesday included a mix of financial and other sectors. Besides the aforementioned banks, companies like First Financial Holding (2892), Mega Financial Holding (2886), and even semiconductor giant TSMC (2330) and ASE Technology Holding (3711) were on the list, indicating a broad-based caution among foreign capital.