Can't Sell on Limit Down! Nanya Technology Faces 47.6805 Million NT Dollars in Default Delivery from 12 Brokerages

Memory chip sector under pressure, Taiwan Stock Exchange publishes latest default delivery list. Nanya Technology (2408-TW), a major DRAM manufacturer, was surprisingly reported by 12 brokerages for a massive default delivery totaling 47.6805 million NT dollars, marking the 11th individual stock large-scale default delivery case this year.

According to the TWSE announcement, the 12 brokerage branches reporting Nanya Technology's default delivery are China Trust, Fubon Kaohsiung, Cathay Kaohsiung, Pocket, Cathay Xinzhuang, Cathay Duner, E.Sun, Federal Taichung, Taishin Xinyi, Fubon Securities, Cathay Taichung, and Cathay Dunnan, with a total default amount of 47.6805 million NT dollars.

Based on the T+2 mechanism, on July 28th, Nanya Technology opened at 392.5 NT dollars and immediately faced heavy selling, subsequently hitting the limit down, dropping 43.5 NT dollars, with the closing trading volume surging to 56,000 shares, and during trading, there were scenes of thousands of limit down sell orders queuing up and unable to be sold.

TWSE statistics show that Nanya Technology's default delivery case this time is the 11th case this year to reach the individual stock large-scale default delivery standard, following United Microelectronics, Macronix, Sinopac Financial, Hsincheng, Huatung, Powerchip (cumulative 3 times), Powerchip Semiconductor Manufacturing, and Herbalife. This indicates that market volatility has intensified recently, and the risk of investors operating with leverage has significantly increased.

Among the brokerages reported this time, in addition to the purely digital brokerage "Pocket Securities," which has recently gained popularity among young and small investors with low commission fees, there is also a high concentration in the retail branches under large financial conglomerates such as Cathay Securities, Fubon, and Taishin. In particular, the Cathay Dunnan and Duner branches have always been hotspots for electronic order placement and day trading across Taiwan and have frequently appeared in the default announcements of hot stocks in the past.

These branches cover a large number of online small investors, current stock day traders, and leveraged investors. When hot stocks like Nanya Technology face drastic corrections, heavy losses during trading, or are locked in limit down, many individual investors who have opened leverage positions often cannot sell on day trading or face disrupted capital chains after leaving orders, and are unable to make up the delivery payment on the T+2 day, leading to default delivery situations.

In addition, the TWSE today simultaneously published the overall centralized market default delivery data. The total amount of "buying and selling combined" reached 193 million NT dollars, setting the seventh highest record this year; while the amount "after buying and selling are offset" reached 63.1583 million NT dollars, surging to the second highest this year.

Experts remind that default delivery not only seriously affects personal credit records and may face related civil and criminal liabilities but may also be subjected to asset seizure by brokerages or claims for default compensation. Investors should pay special attention to fund allocation and risk control when participating in market trading.