Central News Agency, Taipei, April 21 (Reporter: Zeng Ren-kai). Stock king ASPEED surged nearly 9% in early trading, hitting a historic high of 15,680 TWD, becoming the bull indicator for the Taiwan stock market. The Taiwan index rose by more than 700 points in early trading, setting a new intraday record of 37,757.68 points. As of 10:30 AM, the weighted index was up 710.13 points at 37,668.93 points, with a turnover of approximately 580.2 billion TWD.

The three major heavyweight stocks strengthened simultaneously. TSMC, which faced selling pressure after its earnings call, bounced back today, rising up to 50 TWD to reach 2,075 TWD. Delta Electronics surged as much as 135 TWD to 2,035 TWD, officially breaking through the 2,000 TWD mark. Foxconn rose by up to 5 TWD to 212.5 TWD.

Additionally, MediaTek hit the daily price limit (limit up) during intraday trading, soaring to 2,090 TWD and crossing the 2,000 TWD milestone for the first time.

Yang Li-kai, a fund manager at E.SUN Securities Investment Trust, analyzed that while global markets were shadowed by the negative news of the US-Iran war in March, the Taiwan index only touched its quarterly moving average for two days before rebounding to break previous highs and consistently set new records. Its strength is undeniable.

Yang believes that TSMC once again delivered results exceeding market expectations last week, demonstrating that advanced processes possess stable pricing power. Furthermore, the company broke its previous cautious strategy for the first time by explicitly stating that capital expenditure would fall at the high end, demonstrating confidence in long-term AI growth. This implies very high visibility for capacity demand over the next several years, indicating that this round of growth is not just a cyclical recovery but driven by structural demand. (Editor: Zhang Jun-miao) 1150421

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  • Source: CNA (Central News Agency)
  • Category: Taiwan