Taiwan Stock Market Fluctuates Down 329 Points to Close at 41603, Weekly Gain of 2677 Points

Taipei, May 8 (CNA) – The Taiwan stock market today saw high-level fluctuations exceeding 900 points, with the Weighted Index closing at 41603.94 points, down 329.84 points, a decrease of 0.79%. The trading value was NT$1.24502 trillion. The Taiwan stock market saw a significant weekly gain of 2677.31 points this week.

Under the impact of a pullback in US chip stocks, Taiwan's electronics index fell by 1.01%, and the semiconductor index dropped by 0.65%. The TPEx index, representing small and medium-sized stocks, closed down by 1.67%. Among listed traditional industries, cable, plastics, and glass indices experienced heavier declines, falling by 2.92%, 2.47%, and 2.37% respectively.

Major electronic heavyweights generally dimmed. TSMC, the king of weighted stocks, closed down 0.87% at NT$2290; Delta Electronics fell 3.51% to NT$2200; MediaTek, despite being listed as a disposition stock, rose against the trend, hitting a new high of NT$3670 during intraday trading, and closed at NT$3630, a significant increase of 6.14%, also setting a new closing high.

Memory chip stocks became the focus of sell-offs. Winbond and Macronix both plummeted over 6%, closing at NT$153 and NT$107 respectively; Nanya Technology fell 4.53% to NT$274. Foundry companies UMC and Vanguard International Semiconductor fell by 5.39% and 9.7% respectively.

With new materials and HTCO returning above the NT$1,000 mark, there are now 48 'thousand-dollar' stocks. Stock king Aspeed Technology fell NT$935 today, a decrease of 5.23%, closing at NT$16955; Kwang Yang Motor's first-quarter earnings per share reached NT$36.58, the second-highest in history, and its stock hit the daily limit today, closing at NT$5320.

Senior Taiwan stock market analyst Tsai Ming-han told CNA that after recent gains, the Taiwan stock market has been fluctuating at high levels. From aspects such as trading volume, turnover rate, day trading ratio, and high index deviation, there are indeed signs of overheating.

However, Tsai Ming-han believes that the positive fundamentals remain, with major tech leaders such as the four major US cloud service providers (CSPs), Apple, and Qualcomm all releasing optimistic signals, which helps to dispel market noise. Subsequent attention should be paid to geopolitical risks in the Middle East and the potential for rising international oil prices to fuel inflationary pressures. (Editor: Chang Liang-chih) 1150508