Section
Equities, indexes, earnings, and the moves that reset portfolios.
Taiwan’s cash equity market is set to open sharply lower Monday after TSMC’s U.S.-listed receipts fell 6.4 percent during the Double Ten holiday, while finance officials said the NT$500 billion stabilization fund remains authorized to buy on weakness.
Taiwan fund managers braced for a lower TAIEX open after U.S. power-management receipts slid 6.4 percent Friday, even as the index closed Friday at 27,302 on defense-linked gains.
Taiwan’s benchmark index finished at 27,301.92 on Friday as defense-linked industrials outpaced the heaviest chip weights after President Lai’s spending pledges.
Profit-taking before the Double Ten break and rising U.S. Treasury yields dragged cap-weighted names lower while defensive health and plastic shares advanced.
The capitalization-weighted index finished at 49,313.44 after foreign investors sold NT$758.52 billion on Thursday, capping a week that still posted a 1.73 percent gain ahead of the National Day market closure.
Foreign funds sold more than NT$130 billion on Oct. 7 while MLCC and optical names led gains, leaving the TAIEX 194 points shy of the 50,000 milestone before the National Day break.
