Foreign investors pull NT$21.0bn from Taiwan shares in a week

Foreign investors registered NT$21.0bn of net selling in Taiwan shares over the past week, including NT$75.9bn of net selling on 8 October. The Taiex rose 2 per cent over the week to close at 49,313.

Local institutions also sold. Investment trusts posted NT$12.4bn of net selling over the week, while dealers recorded NT$11.8bn of net selling. Foreign investors logged NT$72.6bn of net selling over the past month.

The index fell 1 per cent in the session on 8 October, leaving it up 4.2 per cent over the past month and 70 per cent year to date. Across the 150 largest listed companies, 92 fell and 49 rose on 8 October.

Over the past week, electronic components maker ITEQ rose 26 per cent and plastics maker Nan Ya Plastics gained 22 per cent. Chipmaker United Microelectronics fell 8.7 per cent and electronics maker BizLink dropped 7.6 per cent.