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Taiwan Stocks Slip Below Quarterly Moving Average; Eyes on Optical Communications and Financials
Electronic Technology · Computer Communications · economic_daily · 2026-10-24
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Taiwan's stock market fell 2.2% this week, breaking below the quarterly moving average amid heavy institutional selling. Analysts are now monitoring the stabilization of optical communication stocks and the defensive strength of the financial sector.
What Happened
Technical Weakness: The TAIEX index faced significant downward pressure this week, declining by 1,069 points for a 2.2% weekly loss. The index has officially broken below its quarterly moving average, marking a second consecutive week of losses and indicating a shift toward a more cautious market sentiment.
Institutional Selling: Institutional investors offloaded a net 99.4 billion TWD, with foreign investors accounting for 81.58 billion TWD in spot sales. Furthermore, foreign net short positions in index futures rose to 87,297 contracts, signaling a bearish outlook from major market participants.
Optical Sector Sell-off: The optical communications sector faced intense selling pressure, with leading stocks experiencing sharp declines as short-term buyers exited their positions. Market participants are closely watching for signs of stabilization in this sector to determine if the selling momentum has peaked.
Financial Sector Resilience: In contrast to the broader market decline, the financial index managed to gain 0.6%, demonstrating relative stability. The ability of financial stocks to maintain this defensive stance will be a key factor in determining whether the broader market can find a floor in the coming sessions.
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