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Eight Public Stock Institutions Continue to Sell TSMC and Hon Hai, Low-Earth Orbit Satellite Company Faces Sale of Over 1,000 Shares

Eight Public Stock Institutions Continue to Sell TSMC and Hon Hai, Low-Earth Orbit Satellite Company Faces Sale of Over 1,000 Shares

The Taiwan stock market rebounded past 20,000 points today (28th), closing at 20,034.41 points, up 161.68 points or 0.81%, with a total transaction amount of NT$215.892 billion. According to statistics from 'Wang Gu Wang', the largest sell-off among the eight public stock institutions was by Taiwan Cooperative Bank (2834), which sold 5,359 shares.

Additionally, as US foreign capital predicts that 70,000 low-earth orbit (LEO) satellites will be launched worldwide in the next five years, PCB manufacturer Huaton (2313) has gained attention for entering this field, holding orders from four major LEO satellite companies. Although there were concerns about a weak first-quarter shipment, it showed stable performance, and the revenue share from LEO is expected to exceed 20% this year. Despite being favored by three major institutional investors, long-term investors sold 1,116 shares, redeeming over NT$60 million.

Today, with TSMC (2330) and Hon Hai (2317) stock prices rising, the eight public stock institutions also slightly sold 828 shares and 799 shares, totaling NT$850 million in redemption. In response, netizens expressed their dissatisfaction, commenting, 'The elderly sell to foolish foreign capital, just right' and 'What's wrong with selling a little to get some blood back?'