June 16, 2005
Due in part to the decision of Morgan Stanley Capital International to boost its weighting for the Taiwan Stock Exchange, foreign investors have racked up a buying surplus of nearly
NTD 200 billion on the TAIEX this year. One outcome of this increased investment is that foreign investors have become major shareholders across many stock sectors in Taiwan.
Of the twenty stock categories on the TAIEX, foreign investors hold ten percent or more of the shares in twelve categories, including cement, plastics, electromechanical products, electronic appliances, steel, electronics, automobiles, transportation, tourism, finance/insurance, and wholesale/retail.
As of the week ending June 10th, foreign investors held stakes of over fifty percent in nine TAIEX-listed companies, including such major players as Sheng Yu Steel Co., Taiwan Semiconductor Manufacturing Co., Delta Electronics Inc., Hon Hai Precision Industry Co. and Chinatrust Financial Holding Corp. Foreign investors control over 40% of the stock in the twenty companies with the highest ratios of foreign investment. Eleven of these are electronics enterprises.
Foreign investors currently control 65.23% of the stock in Sheng Yu Steel Co. This is the largest percentage held by foreign investors in a single Taiwanese company.
(United Daily News)
E-mail this page.
Invest in Taiwan
