Taiwan Stock Market Soars Over 1,000 Points to New High of 42156, Key Stocks Lead the Charge

Central News Agency

(Central News Agency reporter Chung Jung-feng, Taipei, 7th) US tech stocks and TSMC ADRs reached new highs, driving the Taiwan stock market to break through 42,000 points in early trading. TSMC led the charge with a new record high of NT$2345, and the Taiex (weighted index) continued to strengthen during the session, reaching a maximum of 42156.06 points, a new historical high, surging 1017.21 points. Afterwards, the market fluctuated at high levels, maintaining its stance above 42,000 points.

By 10:55 AM, the Taiex was at 42017.43 points, up 878.58 points, with trading volume expanding to approximately NT$781.577 billion. The electronics index touched a new high of 2741.77 points during the session, the financial index rose by 1%, and the OTC index, representing small and medium-sized stocks, touched 416.62 points, setting another new high during the session.

"King of equities" TSMC created a historical high price of NT$2345 in early trading, rising by NT$95, an increase of 4.22%. This single stock contributed 755 points to the overall index, pushing its highest market value to NT$60.81 trillion, a new historical high.

Among other electronic blue-chip stocks, Delta Electronics touched a new high of NT$2370 during the session, surging 7.2%. MediaTek was listed as a disposition trade starting today,一度 fell by nearly 4% in early trading, and its decline narrowed to 3% during the session. Foxconn saw a slight increase during the session, and ASE Technology Holding touched a new high of NT$558, with an increase of over 6%. In the memory sector, Nanya Technology fluctuated and rose 1.6% during the session, Winbond Electronics surged 4%, and Macronix fell 6%. Powerchip Semiconductor Manufacturing Corp. was reported to have joined Intel's advanced packaging supply chain, and its stock price hit the daily limit of NT$63.9 in early trading.

High-priced stocks exceeding NT$1,000 saw mixed performance, striving to maintain their "47 high-priced stock" status. ASPEED Technology Inc. fell 3.3% during the session. Invetec Corp. fell below NT$10,000 and dropped 2.2% during the session. Chao-Chuan Industry gained and then lost NT$1,000 during the session, while SunJet Holdings Inc. maintained its NT$1,000 price.

Moore Investment Consulting analyst Lin Han-wei stated that the current Taiwan stock market is still dominated by the bullish side, with no signs of weakening. It continues to benefit from AI-related high-performance blue-chip stocks, including TSMC, Delta Electronics, ASE Technology Holding, and T.C.C. Photoelectric Technology Co., Ltd., which were strong during the session, with their stock prices rising along with their performance, indicating a relatively healthy structure. Although the index has risen significantly in the short term, large-cap stocks on the market are still being operated by the bullish side.

Looking ahead at the Taiwan stock market, Lin Han-wei pointed out that continued attention should be paid to whether the four major US stock indexes remain strong, whether foreign investors continue to increase their buying of Taiwan stocks in the spot market, and whether the net short position in Taiwan stock index futures remains above 50,000 contracts. (Editors: Yang Kai-hsiang) 1150507

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