Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of TWSE Stocks as of Mar 13th. The aggregated short interest was USD30.9bn.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in MediaTek, CTBC Financial, TSMC, Lite-On Technology, King Yuan Electronics.</li>
</ul>


We analyzed the changes in short interest of TWSE Stocks as of Mar 13th. The aggregated short interest was USD30.9bn.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in MediaTek, CTBC Financial, TSMC, Lite-On Technology, King Yuan Electronics.


TWSE Short Interest Weekly (Mar 13th): MediaTek, CTBC Financial, TSMC, Lite-On Technology

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Mar 6th. The aggregated holding was USD1,669.3bn.</li>
<li>We estimate that foreign flows to be outflows of USD9,833mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, MediaTek, Hon Hai Precision, Delta Electronics, Fubon Financial.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Mar 6th. The aggregated holding was USD1,669.3bn.
We estimate that foreign flows to be outflows of USD9,833mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, MediaTek, Hon Hai Precision, Delta Electronics, Fubon Financial.


TWSE Foreign Holding Weekly (Mar 6th): TSMC, MediaTek, Hon Hai Precision, Delta Electronics

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

Brian Freitas

Pan-Asia Index Rebalances/ Events/ Delta One

Periscope Analytics

Periscope Analytics focuses on event-driven trades across Asia Pacific and provides comprehensive, timely and systematic coverage of index changes to major Asia Pacific indices in a structured manner.

The analysis includes forecasted inclusions and exclusions to all major Asian indices that have significant amount of tracking assets, including estimates of passive buy/sell flow on the stocks. The service also provides commentary and impact of market consultations, ground rule changes, and other events (IPOs, spin-offs, M&A) that could lead to index changes and passive flow.

Periscope Analytics works with multi-strategy hedge funds, proprietary trading firms, stat arb trading groups and long-only investors that invest and trade in the Asia Pacific region with the data being used to trade index rebalances, avoid pre-positioning and passive flow, and to time entry into and exit from stocks.

Event-Driven Trades Across Asia Pacific

Index Rebalance

King Yuan Electronics Co, Ltd. / Index Rebalance

<ul>
<li>There will be 5 constituent changes for the Yuanta/P-Shares Taiwan Top 50 ETF and 1 deletion for the Yuanta/​P-Shares Taiwan Dividend Plus ETF in March.</li>
<li>This is another major inclusion for <a href="https://www.smartkarma.com/entities/hon-precision-inc" target="_blank" data-smartkarma-citation="entities:44938:1" rel="noopener">Hon Precision (7769 TT)</a> following the inclusion of the stock in a global index at the close on 27 February.</li>
<li>Semiconductor stocks make up half the number of changes and appear as adds and deletes. The big ETF AUM results in a round-trip trade of US$2.6bn.</li>
</ul>


There will be 5 constituent changes for the Yuanta/P-Shares Taiwan Top 50 ETF and 1 deletion for the Yuanta/​P-Shares Taiwan Dividend Plus ETF in March.
This is another major inclusion for Hon Precision (7769 TT) following the inclusion of the stock in a global index at the close on 27 February.
Semiconductor stocks make up half the number of changes and appear as adds and deletes. The big ETF AUM results in a round-trip trade of US$2.6bn.


Taiwan Top 50/ Yuanta Div+ ETF Rebalance: Semis Dominate as Flow Tops US$2.6bn

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul>
<li>The index changes for the T50, T100, and TDIV indices were confirmed after market close on Friday 6th March 2026.</li>
<li>There will be five ADDs/DELs for T50, five ADDs/six DELs for T100, and one DEL for TDIV.</li>
<li>All of these are exactly in line with our final expectations. The announced reserve lists for T50/T100 were also perfectly in line with rankings presented in our base date Leaderboard.</li>
</ul>


The index changes for the T50, T100, and TDIV indices were confirmed after market close on Friday 6th March 2026.
There will be five ADDs/DELs for T50, five ADDs/six DELs for T100, and one DEL for TDIV.
All of these are exactly in line with our final expectations. The announced reserve lists for T50/T100 were also perfectly in line with rankings presented in our base date Leaderboard.


Quiddity T50/100/TDIV Mar26 Results: 100% Hit Rate; US$1.7bn+ Total One-Way Flows

<ul>
<li>We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 27th. The aggregated holding was USD1,813.2bn.</li>
<li>We estimate that foreign flows to be inflows of USD3,477mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.</li>
<li>We highlight changes of foreign holdings in TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux.</li>
</ul>


We analyzed the changes in foreign holdings of TWSE Stocks as of Feb 27th. The aggregated holding was USD1,813.2bn.
We estimate that foreign flows to be inflows of USD3,477mln. We tabulate the league tables for top changes by value for 1W/4W/1Y and top stocks held by foreign institutions.
We highlight changes of foreign holdings in TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux.


TWSE Foreign Holding Weekly (Feb 27th): TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux

Taiwan

Bizlink Holding Inc., manufactures connectors, cable assemblies, as well as wire harnesses. Their main products include HDMI connectors, display port connectors, solar cables, as well as halogen-free power cords.

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Bizlink Holding (3665 TT)

TWSE Short Interest Weekly (Mar 13th): MediaTek, CTBC Financial, TSMC, Lite-On Technology

We analyzed TWSE short interest report for the past week and highlighted short interest changes in MediaTek, CTBC Financial, TSMC, Lite-On...

Ke Yan, CFA, FRM

TWSE Foreign Holding Weekly (Mar 6th): TSMC, MediaTek, Hon Hai Precision, Delta Electronics

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, MediaTek, Hon Hai Precision, Delta...

Ke Yan, CFA, FRM

Taiwan Top 50/ Yuanta Div+ ETF Rebalance: Semis Dominate as Flow Tops US$2.6bn

There are 11 constituent changes across indices as round-trip flow tops US$2.6bn. The adds have run up a lot and market volatility has led to a...

Brian Freitas

Quiddity T50/100/TDIV Mar26 Results: 100% Hit Rate; US$1.7bn+ Total One-Way Flows

Yulon Finance (9941 TT) is confirmed as a TDIV DEL because it is a T100 DEL which makes it ineligible for the TDIV index. There could be more than...

Janaghan Jeyakumar, CFA

TWSE Foreign Holding Weekly (Feb 27th): TSMC, Hon Hai Precision, Yageo, Macronix Intl, Innolux

We analyzed TWSE foreign holding data for the past week and highlighted foreign holding changes in TSMC, Hon Hai Precision, Yageo, Macronix Intl,...

Ke Yan, CFA, FRM

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