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BackTaiwan Stocks Open》Electronic and financial news soared, the index rose more than 1,200 points
Taiwan Stocks Open》Electronic and financial news soared, the index rose more than 1,200 points
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自由时报12 minutes agoBusiness2 min readChinaView original

Taiwan Stocks Open》Electronic and financial news soared, the index rose more than 1,200 points

Huida CEO Huang Jen-Hsun's scandal failed to stop the rebound of US stocks, Asian stocks followed suit, and Taiwanese stocks headed towards 43,000

Quick Look

  • Despite the scandal surrounding Huida CEO Jen-Hsun Huang, the four major U.S. stock indexes all rose sharply on Monday, with the index soaring the most by 6.88%, driving Asian stocks to rejoice.
  • Taiwanese stocks opened higher, rising more than 1,200 points, heading towards 43,000.

AI-generated summary

Why It Matters

Huida CEO Huang Renxun admitted that he had an affair with a Chinese businesswoman. Huida launched an investigation. Huida's stock price continued to fall on the 9th. However, the four major U.S. stock indexes bucked the trend and soared. Fei Ban rose the most, driving Asian stocks to rejoice. Taiwan stocks opened higher and rose by more than 1,200 points.

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[Financial Channel/Comprehensive Report] Despite the storm of the Huang Jen-Hsun scandal, the four major U.S. stock indexes all rose sharply on Monday, with the index rising the most by 6.88%. Encouraged by this, Asian stocks followed suit on Tuesday, and Korean stocks soared more than 5.6%. , triggered a circuit breaker again, and the Nikkei also soared more than 1,800 points. Taiwan stocks opened higher in weight stocks such as TSMC, UMC, Power Semiconductor Manufacturing Co., Ltd., and Nanya. The index opened up 468.63 points and opened at 42,130.33 points.

The duo of wafers led the gains, followed by memory, silicon wafers, ABF carrier boards, IC design, silicon intellectual property, AI, panels, optoelectronics, passive components and other electronic stocks, as well as finance and transmission, the index opened higher and rose by more than 1,200 points, heading towards 43,000.

The CEO of NVIDIA, the American artificial intelligence (AI) chip giant, Jensen Huang admitted that he had an affair with a Chinese businesswoman. As NVIDIA launched an investigation, NVIDIA's stock price continued to fall on the 9th. However, the US stock market was not afraid of NVIDIA's impact. The four major indexes bucked the trend and soared. Among them, NVIDIA had the strongest rise. It finally rose 646.22 points or 6.88% to close at 1003 6.47 points; the other three major indexes closed respectively. The Nasdaq Index rose 697.55 points or 2.84% to close at 25276.97 points. The S&P 500 Index rose 190.39 points or 2.58% to close at 7567.25 points. The Dow Jones Industrial Average rose 1123.28 points or 2.19% to close at 52409.01 points.

What to Watch

AI outlook — possibilities, not facts

  • In the short term, Taiwan stocks will continue to be driven by a semi-strong rebound in U.S. stock prices and maintain high-end volatility.

    Likely · Within days

  • The results of Huida's internal investigation will emerge in the coming weeks, which may affect its stock price trend.

    Possible · Within weeks

Open Questions

  • How will the results of Huida's internal investigation be announced?
  • What is the specific impact of the Jen-Hsun Huang scandal on Huida’s long-term stock price and corporate governance?
  • Can Taiwan stocks continue to advance towards 43,000 points and stand firm?

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This article was originally published by 自由时报.

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