US Stocks Rebound, Philadelphia Semiconductor Index Surges Over 5%: Investment Advisors See Potential for Taiwan Stock Market Rebound
After a historic plunge on the 8th, the Taiwan stock market is expected to stage a technical rebound, driven by a US stock rally, a more than 5% surge in the Philadelphia Semiconductor Index, and a rise in TSMC ADRs. Market focus this week is on Apple's WWDC and SpaceX's IPO, with the long-term AI trend remaining intact.
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- 📰 Published: June 9, 2026 at 09:19
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(Central News Agency reporter He Xiuling, Taipei, 9th) Although the Taiwan stock market closed with the third-largest point drop in history on the 8th, investment advisors believe that the TAIEX futures night session surged 916 points, the Philadelphia Semiconductor Index rose more than 5%, and TSMC ADRs closed higher by over 2%, which is expected to drive a technical rebound in the Taiwan stock market.
Investment advisors also pointed out that this week's market focus includes the opening of Apple's annual Worldwide Developers Conference (WWDC) and the listing of SpaceX, which will influence capital flows in technology stocks. The long-term AI trend remains unchanged, with related companies' capital expenditures and demand continuing to grow.
Additionally, Apple unveiled a new version of "Siri AI" early this morning, featuring more natural conversations, cross-app operations, and on-screen awareness. This is seen as a crucial step for Apple to strengthen its competitiveness in generative AI.
In US markets on the 8th, as investors assessed the impact of easing tensions in the Middle East and bought on dips, chip stocks rebounded, driving a rally on Wall Street. Major US stock indexes mostly closed higher, recovering some of last week's losses.
The Dow Jones Industrial Average edged down 80.77 points, or 0.16%, to 50,786.01. The S&P 500 rose 21.99 points, or 0.30%, to 7,405.73. The Nasdaq Composite gained 220.23 points, or 0.86%, to 25,929.66. The Philadelphia Semiconductor Index surged 685.93 points, or 5.61%, to 12,906.69.
The Taiwan stock market plunged 2,694 points in early trading on the 8th, setting a record for the biggest intraday point drop. As heavyweight stocks pared losses, the market closed at 43,502.78 points, reclaiming the monthly moving average of 43,116 points. The index fell 1,568.16 points, marking the third-largest closing point drop in history.
Foreign institutional investors sold a net NT$93.851 billion, the seventh-largest net selling amount on record. The most adjusted holdings were in Yuanta Taiwan Top 50 ETF (0050), followed by active ETFs such as Master Union Upgrade 50 (00403A) and Master Union Taiwan Stock Growth (00981A). They also sold over 20,000 TSMC shares. (Editor: Pan Yijing) 1150609
Investment advisors also pointed out that this week's market focus includes the opening of Apple's annual Worldwide Developers Conference (WWDC) and the listing of SpaceX, which will influence capital flows in technology stocks. The long-term AI trend remains unchanged, with related companies' capital expenditures and demand continuing to grow.
Additionally, Apple unveiled a new version of "Siri AI" early this morning, featuring more natural conversations, cross-app operations, and on-screen awareness. This is seen as a crucial step for Apple to strengthen its competitiveness in generative AI.
In US markets on the 8th, as investors assessed the impact of easing tensions in the Middle East and bought on dips, chip stocks rebounded, driving a rally on Wall Street. Major US stock indexes mostly closed higher, recovering some of last week's losses.
The Dow Jones Industrial Average edged down 80.77 points, or 0.16%, to 50,786.01. The S&P 500 rose 21.99 points, or 0.30%, to 7,405.73. The Nasdaq Composite gained 220.23 points, or 0.86%, to 25,929.66. The Philadelphia Semiconductor Index surged 685.93 points, or 5.61%, to 12,906.69.
The Taiwan stock market plunged 2,694 points in early trading on the 8th, setting a record for the biggest intraday point drop. As heavyweight stocks pared losses, the market closed at 43,502.78 points, reclaiming the monthly moving average of 43,116 points. The index fell 1,568.16 points, marking the third-largest closing point drop in history.
Foreign institutional investors sold a net NT$93.851 billion, the seventh-largest net selling amount on record. The most adjusted holdings were in Yuanta Taiwan Top 50 ETF (0050), followed by active ETFs such as Master Union Upgrade 50 (00403A) and Master Union Taiwan Stock Growth (00981A). They also sold over 20,000 TSMC shares. (Editor: Pan Yijing) 1150609
FAQ
How much did the Taiwan stock market fall on the 8th?
It fell 1,568.16 points at the close, the third-largest drop in history.
Why do investment advisors expect a rebound in Taiwan stocks?
Due to the US stock rally, a 5%+ surge in the Philadelphia Semiconductor Index, and a rise in TSMC ADRs.
What are the market focuses this week?
Apple's WWDC and SpaceX's IPO are the key focuses.