Taiwan Stock Market Pre-Market Key Points: Deleveraging in Progress, Financing Decreases by 27.6 Billion, Post-Crash Rebound Challenges Quarterly Line

7/20 Taiwan Stock Market Pre-Market Key Points

1. TAIEX futures overnight trading rebounded 877 points after a sharp decline in Taiwan's cash market on Friday evening, up 2.06%; TSMC ADR fell 2.77%, UMC ADR fell 4.67%, and Epistar ADR fell 2.78%, with the declines being lighter than individual stock cash trading, presenting an opportunity for a rebound on Monday (20th). However, it should be noted that even if the TAIEX futures overnight trading rebounds first to 43,481 points, it still does not exceed the quarterly line of Taiwan's cash market at 43,525 points. The battle for the quarterly line will be the first hurdle for the bulls' counterattack.

2. Taiwan's stock market plummeted 2,953.71 points last Friday, closing at 42,671.27 points, directly breaking through the quarterly line support. Yuanta Securities stated that the trigger was mainly due to TSMC's earnings call failing to meet market high expectations. This week's index range is expected to be between 40,000 and 45,000 points. Taiwan stock traders also reminded that the New Taiwan Dollar is weak, financing decreased by 27.6 billion NT dollars in a single day, with the remaining balance still at the historical high level of 587.9 billion NT dollars. Multiple giants in the U.S. stock market will release earnings, and the Korean stock market is in the process of deleveraging. After a one-day market closure, there is a possibility of a catch-down opening, with internal and external factors causing considerable short-term volatility, testing investors' patience.

3. The Shanghai Shipping Exchange released the latest Shanghai Export Containerized Freight Index (SCFI) on the 17th, showing a decline for two consecutive weeks, falling 104.52 points from the previous week to 3,080.31 points, with a decline of 3.28%. Freight forwarders stated that this was mainly due to the addition of extra loader ships on the U.S. West Coast route, increasing supply and causing prices to fall.

4. The Taipei foreign exchange market also experienced a massive sell-off on the 17th, with the Taiwan Weighted Index recording the most panic-inducing single-day largest drop of 2,953.71 points, with a decline of 6.47%. The New Taiwan Dollar also plummeted to 32.416 at one point, but in the last hour before the close, the depreciation trend gradually narrowed, finally closing at 32.288 against the U.S. dollar, depreciating by 3.9 units. The transaction value of Taipei foreign exchange brokers also surged to a massive 31.79 billion U.S. dollars.

5. A global "deleveraging" storm has hit the market! Affected by the frequent circuit breakers in the Korean stock market, the bullish sentiment in the Taiwan stock market has collapsed. The weighted index plummeted by 2,953.71 points on the 17th, setting a historical record for the largest single-day drop, with a market value evaporation of 9.6 trillion NT dollars. Electronic heavyweight stocks and AI hot stocks were in a bloodbath. Under the high financing amount of 600 billion NT dollars, any slight market movement immediately triggered a deleveraging selling wave. Statistics show that the Taiwan stock market dropped by 2,683.34 points this week, with a weekly line drop of 5.92%, and the market value of listed companies evaporated a staggering 8.67 trillion NT dollars.

6. The Taiwan stock market plummeted by 2,953 points on the 17th, breaking through the quarterly line. Foreign institutions and proprietary traders went on a selling spree in the concentrated market, with both recording the largest sell-off amounts in history at 189.039 billion NT dollars and 82.179 billion NT dollars, respectively. Among them, foreign institutions focused on selling actively managed ETFs and semiconductor manufacturing groups. TSMC alone adjusted more than 44,000 units, directly realizing approximately 1,040 billion NT dollars. UMC and Powerchip also had a combined 160,000 units sold.

[Taiwan Stock Market Wind Vane] After an epic massacre, the TAIEX futures first rebound. To stabilize and recover the quarterly line, they must defend the 42,000 mark.

[Shipping Index] Increased supply causes freight rates to fall. SCFI falls for two consecutive weeks. The decline in the U.S. West Coast route narrows.

[Taiwan Dollar] Taiwan stock market creates the largest drop point. The foreign exchange market explodes with large volume. The central bank struggles to stabilize the exchange rate, depreciating by 3.9 units.

Taiwan stock market's bloody Black Friday! 6 actively managed ETFs defeat the market and show resilience. High-yield types dominate the top three.

"Trampling" deleveraging big cleanup! Taiwan stock market evaporates 9.6 trillion NT dollars in a single day. Single week shrinks by 8.67 trillion NT dollars.

TSMC's capital expenditure over the next three years exceeds 200 billion U.S. dollars. The first wave of factory engineering benefits.

Taiwan stock market crashes near 3,000 points. Foreign institutions sell off a record 189 billion NT dollars, slashing TSMC by 1,000 billion NT dollars.

TSMC's earnings are positive but are ruthlessly crushed by more than 6% drop, breaking the quarterly line. Market value evaporates near 4 trillion NT dollars.

Another passive component "demon stock" is closed! Nichia and two others will be dealt with until 7/31 starting next Monday.