Investment trusts bought over 14.6 billion; top 10 sell-offs revealed! One stock cut over 50,000 shares, the worst

Taiwan's stock market experienced a strong surge on Wednesday, with the main index climbing 893 points to close at 47,018.

The market's upward momentum was fueled by leading stocks, including TSMC, as well as robust performance in the silicon wafer, IC design, and passive component sectors. This rally occurred during a period of significant portfolio adjustments for major ETFs, specifically 00929 and 00943.

Institutional investors, known as '投信' in Taiwan, were notably active, injecting NT$14.62 billion into the market. However, their activity included a substantial sell-off of Asia Cement (亞泥), which saw over 50,000 shares divested in a single day, marking the eleventh consecutive day of selling for the stock. Fortunately, foreign investors and proprietary traders provided counterbalancing support, helping Asia Cement close the day with a slight gain of 0.29%.

Other stocks heavily sold by institutional investors included UMC (聯電), Pou Chen (寶成), Cathay Financial Holding (國泰金), Fubon Financial Holding (富邦金), Novatek (文曄), Yageo (國巨), Acer (宏碁), and华南金 (Hua Nan Financial Holdings).