TSMC's Late Rally Lifts Taiex by 377 Points, Recapturing 5-Day Moving Average

Central News Agency, Taipei, 14th - Following a strong performance in US tech stocks and a 0.63% rise in TSMC's ADR, the Taiwan stock market rebounded today, led by TSMC, once again climbing above 42,000 points. However, profit-taking pressure during the session pared gains. In late trading, a surge in TSMC, which closed up NT$50, drove the Taiex to close at 41751.75, up 377.25 points, back above the 5-day moving average of 41683.

The TAIEX closed at 41751.75, up 377.25 points or 0.91%, with a trading volume of NT$1.216778 trillion. In the last six trading days, the Taiex has attacked the 42,000-point level five times but failed to hold it at the close.

TSMC rose by NT$50 today to close at NT$2270, standing above its 5-day (NT$2254) and 10-day (NT$2249) short-term moving averages. Other large-cap stocks such as Delta Electronics fell by 0.46%, while Hon Hai and MediaTek both dropped by over 2.5%.

Additionally, several stocks in the semiconductor group surged to their daily limit, including UMC, which closed at NT$108, hitting a new 26-year high. Phison and ESMT reached all-time highs of NT$2880 and NT$238, respectively. Winbond closed at NT$134, Sitronix at NT$294.5, and Episil at NT$261.5.

Panel maker Innolux was boosted by its success in fan-out panel-level packaging technology and rumors of collaboration with TSMC, hitting a new high of NT$38.65 in intraday trading before correcting to close down 5.6% at NT$35.4. Passive component stocks continued to attract buying interest, with Yageo, Walsin Technology, APAQLI, Holy Stone, and Viking Tech all closing at their limit up.

Furthermore, Sinyi Energy gapped down to its limit of NT$17.3 after its Q1 financial report showed a negative net worth, and it will be delisted on June 23. There were over 32,000 outstanding sell orders. Stocks of the Cheng Uei Precision Industry group were all hit hard by the negative news, with Cheng Uei, Yung Wei Investment Holding, and FU WEI Power all locked at their limit down at the close.

Lu Chin-wei, a senior manager at Concord Venture Capital, said in a telephone interview that the US and Taiwan stock markets have remained strong recently. The Taiwan market has been further energized by large inflows from newly launched active ETFs. Supported by AI fundamentals and the high computing power demand from agent-based AI, the mid-to-long-term outlook for Taiwan stocks is positive, but short-term risks from excessive gains and increased volatility should be noted. (Editor: Chang Liang-chih) 1150514

Stand with the facts. Your every contribution is a force for safeguarding press freedom.

Download the Central News Agency's 'First-Hand News' app for the latest updates in real-time.

The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.