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Foreign Investors Offload NT$15.7 Billion in Taiwan Stocks, Targeting Formosa Plastics Group
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-08-24
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Taiwan stocks retreated on the 24th as foreign investors dumped NT$15.7 billion in shares, with the Formosa Plastics Group bearing the brunt of the sell-off.
What Happened
Market Downturn: The Taiwan stock market opened higher on the 24th but failed to sustain momentum, closing down 461.97 points at 44,762.32. Trading volume dropped to its lowest level since early April, reflecting a cautious sentiment among investors.
Foreign Selling Spree: Foreign institutional investors net sold NT$15.75 billion worth of shares during the session. The Formosa Plastics Group was the primary target, with Nan Ya Plastics facing the heaviest selling pressure at over 28,000 shares.
Sector Performance: The market lacked a clear leader, as major tech stocks like TSMC declined by 1.45%. The petrochemical sector suffered significant losses, with Formosa Petrochemical falling over 7%, while shipping stocks saw their recent gains evaporate during the trading session.
Divergent Institutional Moves: While foreign investors aggressively exited petrochemical positions, they continued to accumulate shares in container shipping companies like Yang Ming and Wan Hai. Meanwhile, domestic investment trusts remained net buyers, highlighting a split in strategy between foreign and local institutional players.