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Intel Stock Soars Nearly 12% In Thursday Pre-Market: What's Going On?
In just 12 days, $11.9 billion was sold, with Taiwan stocks experiencing the most severe foreign capital sell-off in history.
The Taiwan stock market is dominated by Technology stocks. Since the beginning of this year, Global chip stocks have experienced a correction, and concerns about overvaluation in the Technology Industry have continued to rise, dragging down the Taiwan stock market as well. Data shows that Global funds have continuously reduced their Shareholding in the Taiwan stock market for 12 trading days, with a cumulative net Sell of 11.9 billion dollars. During this period, the stock price of Taiwan Semiconductor has fallen by nearly 10%, and foreign investors have sold 0.155 billion shares.
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