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🇹🇼 Taiwan /Economy & Trade

Taiwan Stocks Rebound Sharply, Investment Trusts Favor E. Sun Financial Holding Amidst Substrate Buys

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Taiwan's stock market saw a significant rebound on Wednesday, with the TAIEX index rising 663 points to close at 45832.
  • Investment trusts heavily purchased ABF substrate manufacturers, but their top pick was E. Sun Financial Holding, which they bought for 15 consecutive days.
  • Despite the investment trust's continued buying, E. Sun Financial Holding's stock price fell 0.77% by the end of the trading day.

Taiwan's stock market experienced a dramatic turnaround on Wednesday, recovering from an early slump to close significantly higher. The TAIEX index, which had fallen 244 points in the morning, surged by 663 points to end the day at 45832, nearing the 46000 mark.

This rally was driven by strong performances in high-priced stocks like Largan Precision and eMemory Technology, with TSMC also turning positive. Investment trusts showed a net buying of NT$4.855 billion, with a particular focus on the "ABF substrate three musketeers." However, their favorite was E. Sun Financial Holding, a company with over 580,000 shareholders, which they have bought for 15 consecutive sessions.

Despite the consistent investment trust support, E. Sun Financial Holding's stock price dipped 0.77% to close at NT$38.7. The day's top 10 stocks purchased by investment trusts included E. Sun Financial Holding, Winbond Electronics, Nan Ya Plastics, and others, indicating a strategic shift in the market.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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