Three Major Entities Sold Over 100.6 Billion NT$, TSMC and Hon Hai Face Selling Pressure
According to FTNN News, during the week of April 14 to April 18, the Taiwan stock market fell by 133.74 points or 0.68%. The three major institutional investors sold a total of NT$100.625 billion. Despite TSMC's (2330) earnings call on April 17 stating that its gross margin for Q1 remained at 58.8%, in line with market expectations, it could not prevent selling pressure, leaving the investment trust to buy 537 shares.
Foreign investors sold a staggering 32,500 shares of TSMC last week, recovering NT$28 billion, while proprietary traders sold 12,300 shares, withdrawing NT$10.7 billion. Overall, the three major entities sold NT$38.3 billion, totaling 44,200 shares sold. Moreover, Hon Hai (2317) also faced similar selling from foreign investors and proprietary traders, with total sales amounting to NT$3.02 billion and 21,600 shares sold.
