Taiwan Stock Pre-Market | Top Investment Trust Holdings [Jingshuo, Dacheng Steel, Unimicron], Overnight Market Surges 1,573 Points – Can It Drive a Market Rebound?

I. Market Analysis

On the previous day (7/30), the Taiwan stock market was dragged down by the Federal Reserve's (FOMC) hawkish signals and officials' concerns over rate hikes, triggering global tech stock valuation corrections. The weighted index opened at 40,048.94 points, traded narrowly to digest selling pressure, and closed down 105.88 points (-0.26%) at 39,933.30 points, with a total trading value of TWD 1.13 trillion (TWD 1,132,526,009 thousand). In terms of investor positioning, the three major institutional investors in the centralized market collectively sold short TWD 50.874 billion, with foreign investors selling short TWD 48.312 billion and proprietary traders selling short TWD 15.227 billion (TWD 5.04 billion in proprietary trading, TWD 14.722 billion in hedging). Investment trusts stood out by countering the selling pressure, buying TWD 12.665 billion. The OTC index performed relatively weakly, plunging 8.01 points (-2.40%) to close at 326.23 points, with a trading value of TWD 180.4 billion. The three major institutions collectively sold short TWD 7.374 billion in OTC stocks (foreign investors: TWD 8.426 billion, proprietary traders: TWD 617 million, investment trusts: TWD 1.67 billion). In the centralized market, market capitalization shifts occurred: MediaTek (2454), TSMC (2330), UMC (2303), and Unimicron (3037) saw market cap gains, while Quanta (2382), Hon Hai (2317), and Nanya Technology (2408) experienced contractions.

II. Strong Industries

• Financial Holding & Banking (Defensive Capital Inflow): Affected by the FOMC's hawkish stance and tech stock valuation downgrades, funds flowed into financial holding and banking sectors due to their stable earnings and high dividend yields. E.Sun Financial (2884) rose 3.29% to TWD 37.70,兆豐金 (2886) surged 3.21% to TWD 51.50 (investment trusts bought 3,503 shares), Hua Nan Financial (2880) gained 2.03% to TWD 42.65 (investment trusts bought 2,422 shares), CTBC Financial (2891) rose 1.77% to TWD 63.10, Taishin & SK Life (2887) increased 1.69% to TWD 33.15, and Chang Hwa Bank (2801) rose 1.43% to TWD 24.80.

• Biotech & Healthcare (Defensive Necessity Positioning): As electronic large-cap stocks faced profit-taking, the biotech sector held up due to rigid demand and new drug exhibition themes. Wei Chien Biotech (6661) surged 2.72% to TWD 17.00, Kang Pei (6919) rose 0.98% to TWD 103.00, and Wisdom (6615) gained 0.45% to TWD 33.15.

III. Weak Industries

• MLCC Passive Components (Profit-Taking at High Levels): Profit-taking and stop-loss selling pressure caused multiple key stocks to hit limits or suffer heavy losses. Yageo (2327) plunged 9.96% to TWD 456.50 (investment trusts sold 4,636 shares), Walsin Technology (2492) hit limit down at -9.98% to TWD 198.50, Hoshen Tang (3026) dropped 9.91% to TWD 427.50, and Sunlord Electronics (6173) fell 9.86% to TWD 132.50.

• Memory & Silicon Wafers (Valuation Correction): Dragged by FOMC rate hike concerns, a sharp drop in the U.S. PHLX Semiconductor Sector Index, and Korean stock earnings volatility. Macronix (2337) hit limit down at -10.00% to TWD 91.80, GlobalWafers (6488) plunged 9.95% to TWD 778.00, Taiseng Semiconductor (3532) dropped 9.90% to TWD 277.50, Winbond (2344) fell 8.85% to TWD 118.50 (investment trusts sold 9,683 shares), and Nanya Technology (2408) declined 7.21% to TWD 328.00.

IV. Investment Trust's Key Stock Picks

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This data is for reference only and does not constitute any investment advice. Investors should make independent judgments and bear their own risks.