FINIs
* 33% of US$4.6bn turnover in 5 names. Narrow
* Bias (Buy – Sell)/(Buy+Sell) was significant in Hon Hai 2317 (selling) AUO 2409 and CMI 3481 (buying). Otherwise tepid – no conviction.
* CHT 2412 continues to see buying again this week, with strong bias 55%. Seeking shelter in the dividend.

ITCs
* Strong buying in HTC 2498 +$58mm vs FINI $35mm. Bias of 90% indicating strong preference.
* Selling of Yang Ming 2609 and Evergreen 2603 with 95% bias. A single fund getting out. Also selling HH 2317 with FINIs
* $1bn trading w/ no significant buying outside HTC. Skittish.

Local Prop
* Bot $30mm HTC 2498, indicating uniform local conviction in this name.
* Small buyers $8mm of HH 2317. Possibly a small pop this week?
* Turnover $1.4bn, 15% in 4 names. Avoiding big bets.

Like the rest of the world, Taiwan institutions are in “risk off” mode, despite the market slowly clicking up.

On the tabs, you will find a quantitative breakdown of the most recent Taiwan Market Statistics. We will update the information as often as the TWSE (some of the data is daily, some is weekly).

Why is this important?

Because the Taiwan Market is ID based, the statistics released by the Taiwan Stock Exchange (TWSE) offer a very complete view of who’s buying, who’s selling and how much everyone is holding. Unfortunately, that data isn’t always in an easily digestible format. One of the most useful features of the website is our Overweight/Underweight vs. MSCI tab. This not only tells you how over or underweight QFII/FINI investors are but also how many days of average trading it will take to get back to a fair weighting. The information is available, why not use it?

This website is a part of what we do at Independent Research Partners. If you want to see more, please feel free to click on some of the links.