Taiex buying surplus by foreign investors reaches NTD18.551 billion

August 15, 2004

As sky-high oil prices are taking the steam out of many stock markets around the world, foreign investors in Taiwan are taking advantage of low stock prices to fill out their Taiwan stock portfolios. Taiwan Stock Exchange (Taiex) statistics show that in the first week of August foreign institutional investors purchased NTD 41.814 billion in stocks, while selling stock worth NTD 38.031 billion, posting a buying surplus of NTD 3.783 billion for the week. This boosted the foreign investor buying surplus for the year to August 6 to NTD 18.551 billion.

Taiex figures show that (as of August 6) foreign investors were in possession of Taiwanese stock (held as board members of Taiwanese enterprises or acquired through purchases on the stock exchange) valued at NTD 2.556 trillion, accounting for a very significant 21.92% of the market's total value.

In the week up to August 6, foreign investors made their biggest purchases in the stocks of Taiwan Semiconductor Manufacturing Co., CMC Magnetics Corp. and Yang Ming Marine Transport.

(Central News Agency)

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