Taiwan Stock Market Surges Over 1,000 Points to New High of 42156 Points, Driven by Blue-Chip Stocks

(Central News Agency reporter Chung Jung-feng, Taipei, 7th) U.S. technology stocks and TSMC's ADR hit new highs, driving the Taiwan stock market to break above 42000 points in early trading. TSMC led the charge with a new record high of NT$2345, and the TAIEX continued to strengthen during intraday trading, reaching a peak of 42156.06 points, setting another historical high, surging by 1017.21 points. The market then fluctuated at high levels, striving to maintain above 42000 points.

As of 10:55 AM, the TAIEX stood 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 intraday trading, the financial index rose by 1%, and the OTC index, representing small and medium-sized stocks, touched a new intraday high of 416.62 points.

Market leader TSMC hit a new historical high of NT$2345 in early trading, up NT$95, a 4.22% increase. This single stock contributed 755 points to the overall index, with its market capitalization reaching a historical high of NT$60.81 trillion.

Other major electronics stocks saw Delta Electronics hit a new high of NT$2370 during intraday trading, surging by 7.2%. MediaTek, which began disposition trading today, initially fell by nearly 4% but narrowed its decline to 3% during intraday trading. Foxconn saw a slight increase during intraday trading, while ASE Technology Holding touched a new high of NT$558, up over 6%. Memory chip group Nanya Technology fluctuated, rising by 1.6% during intraday trading, Winbond Electronics surged by 4%, and Macronix fell by 6%. Powerchip Semiconductor Manufacturing Corp. was rumored to join Intel's advanced packaging supply chain, hitting its daily limit of NT$63.9 in early trading.

High-priced stocks exceeding NT$1,000 saw mixed performance, striving to maintain their '47 Golden Stocks' status. Novatek fell by 3.3% during intraday trading. Ingrasys fell below NT$10,000, down 2.2% during intraday trading. Mega Union Technology briefly touched NT$1,000 but then lost it, while New Materials Technology maintained above NT$1,000.

Lin Han-wei, an analyst at Moore Investment Consulting, stated that the current Taiwan stock market remains under bullish control, with no signs of weakening. It continues to benefit from AI-related blue-chip stocks hitting new highs, including TSMC, Delta Electronics, ASE Technology Holding, and TAIWAN OPTICAL PLATFORM, which performed strongly during intraday trading, with their stock prices rising in line with 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 bulls.

Looking ahead at the Taiwan stock market, Lin Han-wei pointed out that continued attention should be paid to whether the four major U.S. indices remain strong, whether foreign investors continue to increase their net purchases in the spot market, and whether their net short positions in Taiwan index futures remain above 50,000 contracts. (Edited by Yang Kai-hsiang) 1150507

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