Taiwan stocks face a fight to hold 47,000
Taiwan's market barely held its ground and night-session futures fell, pointing to a shaky open — bad news for buyers chasing the recent rally, though foreign money is still coming in.
- Taiwan's index opened strong but gave back most of the gain, and night futures dropped, putting the 47,000 level at risk.
- US stocks mostly fell as oil pushed past $100 a barrel and government bond yields rose; chip stocks were the exception and held up well.
- Foreign investors bought Taiwan shares for a fourth straight day, favoring panel makers Innolux and AUO, while bank stocks saw selling.
- Trading volume is thinning out even as high-dividend ETFs pull in record money, with over 40 of them paying out this month.
- Wiwynn angered small shareholders by buying back odd-lot shares at face value after a stock dividend, and has now offered them a token buy-in to calm the backlash.
Outlook: The 47,000 level is the line to watch, with shipping and AI-chip earnings strength the main support against weaker global markets.