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Taiwan Stocks Plunge Over 1,000 Points; CDF Holdings Leads Financial Sector Sell-off as Hua Nan Financial Shows Resilience
Finance · Major Banks · economic_daily · 2026-11-03
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The Taiwan stock market saw a sharp decline of over 1,000 points on the 3rd, with financial stocks facing heavy selling pressure; CDF Holdings dropped over 6%, while Hua Nan Financial remained relatively stable.
What Happened
Market Sell-off: The Taiwan stock market opened lower and continued to slide on the 3rd, with the index dropping by more than 1,000 points and falling below the six-month moving average. The financial and insurance sector was hit hard, with the sector index falling nearly 3% during intraday trading as market sentiment soured.
CDF Holdings Correction: After a strong rally earlier this year that saw the stock price briefly hit 40 TWD in late September, CDF Holdings has faced a significant correction. The stock fell over 6% to 34.9 TWD during the session, effectively breaking below its quarterly moving average.
Hua Nan Financial Resilience: In contrast to the broader sector weakness, Hua Nan Financial demonstrated notable defensive strength. While the stock traded lower early in the session, it managed to recover and flirt with positive territory, maintaining its position above the monthly moving average.
Sector Divergence: The financial sector showed clear signs of divergence as other stocks like Uni-President Securities and Chang Hwa Bank also experienced declines of over 5% and 3%, respectively. Investors are now closely monitoring the market for signs of stabilization amid the broader volatility.