Taiwan Stock Market Surges Over 700 Points, Reaches New Intraday Historical High

The Taiwan stock market surged by more than 700 points in early trading, reaching a new intraday historical high of 37730.78 points. By 9:05 AM, the TSEC Weighted Index had risen 739.57 points to 37689.37, with the GreTai Securities Market Index also opening higher. The three major weighted stocks opened higher. TSMC, facing selling pressure after its earnings call, fell for two consecutive trading days but rose by up to NT$50 to NT$2075 today. Delta Electronics rose by up to NT$65 to NT$1965, and Foxconn rose by up to NT$4 to NT$211.5. Analysts suggest that although the US-Iran negotiations remain uncertain, the negative impact seems to be gradually diminishing, and investors' focus has returned to the earnings reports of heavyweight tech stocks. The upcoming earnings and outlook from tech giants such as Tesla, Google, Intel, Meta, Microsoft, and Apple are expected to continue to boost confidence in Taiwan's AI supply chain. (Editor: Chang Chun-mao) 1150421