Pan-Asia Index Rebalances/ Events/ Delta One, Periscope Analytics

Brian Freitas

Highly experienced ex-Delta One trader with 17 years of experience trading arbitrage and related strategies across Asian markets.

Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd.

It is important to note that the information provided by Periscope Analytics is based on publicly available data and own knowledge, which has been gathered and synthesized from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions.

All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include, but are not limited to, company announcements, exchange filings, ETF and other passive investment vehicle holdings, and free float and volume data from third-party data providers. Periscope Analytics does not guarantee the accuracy and completeness of the forecasts, estimates and/or other information.

Pan-Asia Index Rebalances/ Events/ Delta One

Taiwan - Shorts Increase on UMC, Largan, TSMC, China Air; Cover on Novatek, Yageo, AUO

Taiwan - Increased Shorts in Largan, UMC, Yageo; Covering in AUO, Asmedia, Catcher, Hiwin

Taiwan - Shorts Spike on Tong Hsing, Far Eastone; Plummet on Hon Hai, AU Optronics

Taiwan - Shorting in Electronic Components, Covering in Semiconductors

Taiwan - Shorts Spike in ITEQ, Tong Hsing, Catcher, Asia Vital

Quantitative Analysis

Taiwan Technology hardware and equipment / Quantitative Analysis

<div><p>Total short notional in Taiwan stocks is TWD 237,399 mm (~US$7.83 bn) as of 31 January 2020.</p></div><div><p>Over the Lunar New Year shortened two weeks, the largest short positions were put on in <a href="https://www.smartkarma.com/entities/chunghwa-telecom-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:9181:1">Chunghwa Telecom (2412 TT)</a>, <a href="https://www.smartkarma.com/entities/mediatek-inc" target="_blank" rel="noopener" data-smartkarma-citation="entities:772:1">Mediatek Inc (2454 TT)</a>, <a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company-tsmc" target="_blank" rel="noopener" data-smartkarma-citation="entities:11230:1">Taiwan Semiconductor Manufacturing Company (TSMC) (2330 TT)</a> and <a href="https://www.smartkarma.com/entities/largan-precision-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:9126:1">Largan Precision (3008 TT)</a> while shorts were covered in <a href="https://www.smartkarma.com/entities/innolux-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:4509:1">Innolux Corp (3481 TT)</a>, <a href="https://www.smartkarma.com/entities/compeq-manufacturing-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:9306:1">Compeq Manufacturing (2313 TT)</a>, <a href="https://www.smartkarma.com/entities/genius-electronic-optical-co-ltd" target="_blank" rel="noopener" data-smartkarma-citation="entities:9632:1">Genius Electronic Optical (3406 TT)</a> and <a href="https://www.smartkarma.com/entities/richwave-technology-corp" target="_blank" rel="noopener" data-smartkarma-citation="entities:18629:1">Richwave Technology (4968 TT)</a>.</p></div><div><p>We take a look at stocks that have seen the biggest percentage increase and decrease in short notional over the last two weeks and have short notional of at least US$5m. </p></div>

Total short notional in Taiwan stocks is TWD 237,399 mm (~US$7.83 bn) as of 31 January 2020.Over the Lunar New Year shortened two weeks, the largest short positions were put on in Chunghwa Telecom (2412 TT), Mediatek Inc (2454 TT), Taiwan Semiconductor Manufacturing Company (TSMC) (2330 TT) and Largan Precision (3008 TT) while shorts were covered in Innolux Corp (3481 TT), Compeq Manufacturing (2313 TT), Genius Electronic Optical (3406 TT) and Richwave Technology (4968 TT).We take a look at stocks that have seen the biggest percentage increase and decrease in short notional over the last two weeks and have short notional of at least US$5m. 

Taiwan - Shorts Cover Tech; Increase Positions in Telecom, Banks, Transportation