US stocks fall, Taiwan stocks have short-term support

US stocks fell, and Taiwan stocks on the 25th once again lost the 9,500-point level. Institutional investors said that in the short term, Taiwan stocks need to watch foreign investor movements, trading volume, and technical indicator trends, and the previous low of 9,335 should provide support.

US stocks closed lower on the 26th, with the S&P 500 Index falling 9.64 points, or 0.48%, to 1,978.34. The Dow Jones Industrial Average fell 123.23 points, or 0.72%, to 16,960.57. The tech-heavy Nasdaq Index fell 22.545 points, or 0.50%, to 4,449.563.

The Taiwan Stock Exchange Weighted Index fell 88.25 points on the 25th to close at 9,439.29, with turnover of NT$106.164 billion. It fell below the 5-day, 10-day, and monthly moving averages, once again losing the 9,500-point mark. Among the three major institutional investors, investment trusts were net buyers, while foreign investors and mainland Chinese investors, and dealers were net sellers, with total net selling of NT$3.427 billion.

Institutional investors said that after electronics stocks, which were strong in the first half of the year, saw their comparison base raised, they recently faced selling pressure from profit-taking at highs. In the short term, Taiwan stocks need to watch foreign investor movements, trading volume, and technical indicator trends, and the previous low of 9,335 is expected to provide support.

The preliminary US anti-dumping ruling against Taiwan solar products was announced, with the average tariff rate on Taiwanese companies exceeding 30%. Pay attention to the stock price performance of related solar stocks today.

Minister of Finance Chang Sheng-ford said on the 26th that he is optimistic that Taiwan's economic fundamentals are quite good, and that economic indicators are "all hitting new highs," including export orders, export value, and the business climate indicator, which is driving stock market performance onto a normal and healthy track.

The Taipei District Court ruled on the evening of the 25th that Chao Teng-hsiung, founder of the Far Glory Group and a defendant in the affordable housing corruption case, was released on NT$30 million bail. 1030728