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A new high: foreign investors own 29% of TAIEX stock

August 19, 2005

Foreign investors have gone on a veritable buying spree this year and now own 28.95% of the market value of the TAIEX, according to the Taiwan Stock Exchange Corp. This level marks a new record high for foreign investor participation in the TAIEX.

From the beginning of the year to August 8, foreign investors have posted a buying surplus of NTD 367.7 billion. This shopping spree has boosted the total value of TAIEX stock owned by foreign investors to NTD 4.1903 trillion.

Chunghwa Telecom, United Microelectronics and Chi Mei Optoelectronics were the top-three buying targets of foreign investors in the first week of August.

The TAIEX closed at 6,245.13 points on August 15.

(United Daily News)

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