By: Tien Yu-pin and Evelyn Kao, Central News Agency
In a reversal of a previous selling trend earlier this year, foreign institutional investors became net buyers of shares worth NT$23.19 billion (US$708,340 million) on Taiwan’s stock market as of March 4 this year, according to statistics released Monday by Taiwan Stock Exchange Corp.
As of March 4, foreign institutional investors held NT$9.77 trillion in shares on the market, or 38.57 percent of the total value of all listed stocks.
That represented an increase of NT$28.18 billion from the Feb. 26 total. Foreign institutional investors bought a net NT$32.11 billion in shares on Taiwan’s stock market last week, with China Steel Corp., Taiwan Semiconductor Manufacturing Co. (TSMC), and Hon Hai Precision Industry Co. their biggest net buying targets by volume.
AU Optronics Corp. (AUO), Inventec Inc. and Siliconware Precision Industries Co. (SPIL) were their biggest net selling targets by volume last week. [SOURCE]