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TSMC Faces Quarterly Support Test as Foreign Investors Extend Selling Streak Ahead of Earnings
Electronic Technology · Semiconductors · economic_daily · 2026-10-15
2330
TSMC shares dipped below their quarterly moving average as foreign investors continued a six-day selling streak ahead of the company's highly anticipated earnings call.
What Happened
Earnings Call Anticipation: TSMC is set to hold its earnings call after the market closes on the 15th, with investors closely watching for updates on operational outlooks. While foreign institutional investors have been net sellers for six consecutive sessions, domestic investment trusts and dealers have been buying, highlighting a divergence in market sentiment.
Stock Price Volatility: Following a 3.4% drop in its ADR, TSMC shares opened lower at 2,420 TWD, briefly falling below the quarterly moving average. This downward pressure contributed to a significant decline in the broader Taiwan stock index, which fell over 1,400 points during the session.
ASML Positive Outlook: Semiconductor equipment giant ASML reported strong quarterly results and raised its full-year guidance for the third time. The company emphasized that demand remains robust and that current production expansion plans are still insufficient to meet market needs, providing a potential tailwind for the sector.
Market Focus: Investors are now focused on the specific guidance provided by TSMC during its call, particularly regarding advanced process demand and capital expenditure. Despite the positive signals from ASML, TSMC remains under pressure from foreign selling and is currently fighting to maintain its technical support level at the quarterly moving average.
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