Taiwan stocks soared more than 2,600 points intraday, and 15 gold stocks hit their daily limit

MediaTek lights up today and reaches the daily limit. (Photo by reporter Zhuo Yijun)

[Reporter Zhuo Yijun/Report from Taipei] Philadelphia Semiconductor rebounded 4.21% last Friday, AI concept stocks recovered, Taiwan stocks entered the market for the tenth time to support the market, and the National Security Fund entered the market to support the market last Friday. In addition, the financing amount hit the largest weight loss in history last Friday. Today, it rebounded from a deep decline. The weighted index once rose by more than 2,600 points, reaching 40,000. The 2,000-point mark marked the second-largest rise in history. Large-scale electronics stock Delta Electronics (2308) took the lead in hitting the daily limit, followed closely by MediaTek (2454), Largan Optoelectronics (3008), and Zhibo (2345). A total of 15 gold stocks hit their daily limit around midday, and market confidence has stabilized.

According to the analysis of Guoban Securities, the weighted index entered the main decline last week, with a single-week decline of more than 6,000 points. Last Friday, it fell more than 3,600 points intraday. The VIX panic index climbed to a maximum of 59. The market panic is approaching the extreme level when the epidemic broke out in 2020. However, before dawn, Darkness is often the deepest. With the gradual influx of buying orders at low levels during the session, the index not only closed the long lower shadow line of more than 2,000 points, but the trading volume also expanded to more than one trillion yuan. If the long red K can be further closed today to confirm the continuity of buying, Taiwan stocks are expected to bottom here and welcome the subsequent rebound.

Uni-President Securities pointed out that after the short-term sharp decline in Taiwan stocks, under the escort of the entry of the National Security Fund and the air restriction order, coupled with the effect of a single-day decrease of 42.3 billion yuan in financing, the technical aspect has the momentum for an oversold rebound. However, the U.S.-China battle over chips and tariffs continues, Huida CEO Huang Renxun's personal ethics scandal has increased individual stock volatility, and the net short position of foreign futures is still as high as about 100,000. Short-term chips have not yet been completely settled. It is expected that this week it will fluctuate and bottom near the annual line, and the range will be consolidated, waiting for the key red K stick of the turning point. At present, AI technology stocks are affected by the uncertainty of U.S. policies and still have certain risks. For rebound operations, it is recommended to enter the market in batches and strictly control holdings.