Foreign Investors Sell Record NT$189 Billion in Taiwan Stocks; Chunghwa Picture Tubes Sees Major Buying

Taiwan's stock market experienced a historic sell-off on Friday, with foreign investors offloading a staggering 189 billion New Taiwan dollars (NTD) in shares, the largest single-day net outflow on record. This massive divestment contributed to a significant drop in the Taiwan Stock Exchange Index, which closed down 2953.71 points.

The day's trading was heavily influenced by a sharp decline in the stock price of Taiwan Semiconductor Manufacturing Company (TSMC), the island's most valuable company. TSMC's shares fell substantially, exacerbating the broader market downturn.

Despite the widespread selling pressure, foreign investors showed a notable interest in Chunghwa Picture Tubes (CPT), becoming significant net buyers of the electronics company. They acquired nearly 60,000 shares, a considerable move amidst the prevailing market sentiment. Other stocks that saw substantial buying from foreign investors included Yushan Financial Holding, Powerchip Semiconductor Manufacturing, and Acer Inc.

Other companies heavily sold by foreign investors included Yushan Financial Holding, Mega Financial Holding, and CTBC Financial Holding. The overall market sentiment was heavily negative, with the index falling below the 43,000-point mark.