The TAIEX joined other Asian stocks falling in afternoon trading after Abe’s assassination erased gains made earlier yesterday, the exchanges’ data showed. Photo: Chien Li-chung, Taipei TimesTurnover on the TAIEX was NT$257.3 billion (US$8.64 billion), as foreign institutional investors sold a net NT$3.93 billion of local shares, the third-largest this week, TWSE data showed. SinoPac Securities Investment Service Corp (永豐投顧) said in a research note that it expects the TAIEX to rebound gradually after tumbling 18 percent over the past five months. Local institutional investors have a higher confidence in the local market than foreign investors, PGIM said, citing their net purchases of local shares for three weeks in a row. They bought a net NT$10.3 billion of local shares this week, the second highest in a single week this year, it said.

Source: Taipei Times July 08, 2022 23:43 UTC