News / Taiwan / economic_daily
Taiwan Stocks Plunge 960 Points as Foreign Investors Offload NT$165 Billion
Electronic Technology · Semiconductors · economic_daily · 2026-10-13
1301, 1303, 1326, 2308, 2317, 2330, 2337, 2344, 2383, 2408, 2454, 2455, 2880, 2881, 2889, 2891, 2892, 3006, 3008, 3081, 3105, 3363, 3406, 3450, 3711, 4908, 4971, 4979, 5289, 5351, 6505, 6668, 6770
Taiwan's stock market faced a sharp correction on the 13th, with the index falling 960 points as foreign investors dumped shares amid tech sector volatility.
What Happened
Market Sell-off: Taiwan's benchmark index tumbled 960.65 points to close at 48,341.31 on the 13th, driven by a broad sell-off in technology stocks following a pullback in U.S. markets. Foreign investors led the retreat by offloading NT$165.34 billion, while institutional investors collectively sold nearly NT$200 billion in shares despite support from local investment trusts.
Tech Sector Weakness: Major tech heavyweights, including TSMC, Delta Electronics, and MediaTek, all saw significant declines. The memory chip sector was hit particularly hard by concerns over increased competition from China's ChangXin Memory Technologies, overshadowing positive earnings reports from local players like Nanya Technology.
Defensive Rotation: Investors shifted capital toward traditional industries and financial stocks, which showed resilience amid the broader market rout. The Formosa Plastics Group saw strong gains, with Formosa Petrochemical hitting the daily limit, while financial institutions like Hua Nan Financial and Fubon Financial reached new highs, acting as a buffer for the index.
Outlook and Sentiment: The market's focus has shifted from fundamental earnings to supply-demand dynamics and competitive pressures within the tech landscape. While some niche sectors like optical lenses showed brief strength, the overall market remains under pressure from heavy selling in large-cap tech stocks, leaving investors cautious about near-term volatility.