Taiwan stocks soared 1,236 points! TSMC closed at 2,575 points and the index hit 49,712 points, a record high

Taiwan stocks soared 1,236 points! TSMC closed at 2,575 points and the index hit 49,712 points, a double innovation. (Photo by reporter Zhang Jiaming)

[Financial Channel/Comprehensive Report] The U.S. employment data was shocking. The four major U.S. stock indexes all closed in the red last Friday. TSMC ADR surged 2.96%. Encouraged by this, Asian stocks followed the same trend on Monday (5th). The Nikkei opened higher, soaring 1,614 points, approaching the 70,000-point mark. The Taiwan Index soared on Monday, soaring more than a thousand points, reaching a new record of 49,671 points, while the Taiwan stock market continued to rise at TSMC. The opening surged. The index opened up 99.21 points and opened at 48574.95 points. Driven by the sky-high price of TSMC, which rose 80 yuan to 2580 yuan, electronic stocks such as semiconductors, AI, ABF carrier boards, silicon intellectual property, IC meters, panels, and passive components all followed suit. With the help of industrial and financial assistance, the index opened higher, rising 1169 points, to a new high of 49644 points.

The U.S. employment report for September was unexpectedly weak. The report also increased investors' expectations that the Federal Reserve (Fed) will keep interest rates unchanged in October, boosting the stock market. Last Friday, the Dow Jones Industrial Average rose 250 points, 0.49%, and the S&P 5 The 00 Index rose 0.73%, the Nasdaq Index rose 1.19%, hitting a record high during the session, the Philadelphia Semiconductor Index rose 2.4%, and TSMC ADR rose 13.58 US dollars, 2.96%, to close at 472.78 US dollars.