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MediaTek Slides for Fourth Straight Week; Foxconn Stands Out as Sole Gainer Among Top 10 Stocks
Electronic Technology · Semiconductors · economic_daily · 2026-10-24
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Taiwan's benchmark index fell for the second consecutive week as heavy selling hit major tech stocks, with MediaTek testing the 4,000 TWD support level.
What Happened
Market Performance: The Taiwan Stock Exchange saw a shortened four-day trading week due to typhoon disruptions, resulting in a 2.27% decline for the index. Among the top ten weighted stocks, nine finished in the red, reflecting broad-based selling pressure across the market.
Foxconn's AI Momentum: Foxconn emerged as the only gainer among the top ten stocks, buoyed by NVIDIA's new AI factory design and Meta's increased capital expenditure plans. Institutional investors showed confidence in the stock, with a net purchase of over 21,000 shares throughout the week.
MediaTek's Weakness: MediaTek shares fell by 5.65%, marking a fourth consecutive week of losses and bringing the stock close to the critical 4,000 TWD support level. Persistent foreign selling has weighed heavily on the semiconductor giant's performance this week.
Institutional Divergence: While foreign investors continued to trim positions in heavyweights like TSMC, Delta Electronics, and MediaTek, financial stocks such as Fubon Financial and Cathay Financial saw net inflows. This divergence highlights the ongoing tension between long-term AI growth prospects and short-term technical selling.
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