Spotlight Stocks: Taiwan Stock Market Plunges Over 2,000 Points, Telecom Trio Holds 5-Day Line as Safe Haven

Taiwan's stock market saw intense selling pressure today (28th), plunging to a low of 41,565 points—down over 2,000 points. However, the telecom trio—Chunghwa Telecom (2412-TW), Taiwan Mobile (3045-TW), and Far EasTone (4904-TW)—showed relative resilience, holding above the 5-day moving average, with continued institutional buying over recent days.

Chunghwa Telecom opened flat at NT$140.5, briefly turning positive to reach NT$141, before oscillating near the flat line. Trading volume exceeded 9,000 shares. Institutional investors have been net buyers of Chunghwa Telecom for eight consecutive trading days, accumulating a total of 80,000 shares.

Taiwan Mobile opened lower at NT$113, similarly fluctuating near the flat line, with trading volume surpassing 4,000 shares. Institutions have aggressively bought Taiwan Mobile, net buying for 12 consecutive trading days, accumulating 100,400 shares.

Far EasTone opened lower at NT$106, dipping over 1% during the session, with trading volume exceeding 5,000 shares. Although Far EasTone's performance was relatively weaker, it has continued to attract buying interest, with institutions net buying for eight consecutive days, totaling 35,000 shares.

Amid recent market volatility, funds have rotated into defensive stocks, making the telecom trio relatively resilient. All three companies completed their dividend payouts on July 17.