Taiwan stocks fluctuated 597 points today and closed down 40 points at ​22,780 points, with foreign investors’ net short positions rising by 39,200.

US technology​ stocks rose 597.04 points today, with the Taiwan index closing at 22,780.08 points. Shipping stocks rallied, while small and mid-cap stocks turned red.

Market Analysis

The total sales of the three main legal entities exceeded 22.354 billion yuan, with self-operated dealers selling more than 6.82 billion yuan and foreign and ‍mainland ​investors selling more than 21.337 billion⁤ yuan.

In net short positions in Taiwan index futures, net short orders ​by foreign investors rose by 501 lots to 39,276 lots.

Foreign Investors’ Buying and Selling Trends

Foreign investors bought 21,600 shares ⁣of Yang Ming today, ranked first, while Wistron ranked second with 21,300 shares.

Comparatively, foreign investors ⁣sold 77,000 Chao UMC shares today and ranked first, CITIC Gold adjusted⁤ 37,700 units and ranked second.

Expert Insights

Rong Yishen, deputy general manager of Kida Investment Consulting, analyzed that foreign investors’⁢ net short positions in Taiwan index futures were about ⁤40,000 and the ‌spot market ⁤contracted, mainly due to the relative strength of the ​US dollar.

Yung Yishen noted that selling⁤ pressure‌ on Taiwanese stocks was evident in early trading today, and there were signs of funds shifting to lower-grade groups.

Market Outlook

Yung Yishen pointed out that the stock trend after the ⁣US‍ election is not pessimistic, and TSMC’s thousand yuan supported pay attention to the US non-farm employment data report ‍tonight and pay attention to the US election trend next week.