Taiwan Stocks Hold Above 20,000; Foreign Investment Sells 1.6 Billion with Focus on Financial Stocks

The Taiwan Stock Exchange gained support from the U.S. markets, which rose for six consecutive days. Despite a conservative trading atmosphere ahead of tomorrow's market closure, the index rose by 2.4 points to close at 20,235, successfully holding above the 20,000 mark with increased trading volume of 273.1 billion TWD.
Foreign investors sold 1.64 billion TWD today but flipped to purchase nearly 15,000 shares of CTBC Financial (2891). The stock rose 0.77% to 39.3 TWD, becoming the main stabilizer. Other financial stocks attracting foreign investment included Taishin Financial (2887) and KGI Securities (2883), which saw buys of 12,797 shares and 12,759 shares, respectively.
While the financial and electronic stocks supported the market, foreign capital showed an evident sell-off in the electronics and raw materials sectors. Notably, Winbond (2337) experienced a significant drop of 5.48%, reflecting market concerns about the demand for memory. Analysts point out that with U.S. tech earnings rolling out, investors should closely monitor the potential impacts.