Taiwan stocks return to 48,000 points! The wafer duo led the rally in electronic stocks, with the index soaring nearly 600 points in a single day
Quick Look
- Taiwan stocks returned to the 2,500-point mark at the opening on Wednesday.
- TSMC led the gains, led by the wafer duo, and electronic stocks rebounded across the board.
- Coupled with the simultaneous strength of financial and communication stocks, the weighted index opened higher and rose by 580 points in a single day, closing at 48,211 points, a recent record high.
AI-generated summary
Why It Matters
Taiwan stocks have been fluctuating recently due to fluctuations in U.S. bond yields. Wafer duo are important weight stocks in Taiwan stocks, and their performance often drives the overall trend of electronic stocks.
Return to 48,000! The two wafer giants shouted for conflict, and the index rose by nearly 600 points. (File photo)
[Financial Channel/Comprehensive Report] U.S. Treasury bond yields soared. U.S. stocks rose by more than 1% on Tuesday, while TSMC ADR rose 0.90%. Encouraged by this, Taiwanese stocks returned to 2,500 yuan at the opening of TSMC on Wednesday, with the index opening up 135.53 points. It opened at 47767.49 points. Electronic stocks such as wafer duo, silicon wafer, memory, IC design, AI, silicon intellectual property, low-orbit satellites, and optoelectronics led the gains. With the simultaneous rebound of financial and transmission industries, the index opened higher, rising 580 points to 48211 points.
International oil prices have fallen since the recent rally, but bond yields have risen. Market investors are waiting for the release of key inflation data in the United States. The four major U.S. stock indexes fell more than they rose. Only the Philadelphia Semiconductor Index rose 163.92 points, or 1.32%, to close at 12,629.16 points; the other three major indexes were the Dow. The Jones Industrial Average fell slightly by 131.59 points, or 0.26%, to close at 51349.92 points; the S&P 500 Index fell slightly by 12.85 points, or 0.17%, to close at 7670.84 points; the Nasdaq Index fell slightly by 22.84 points, or 0.09%, to close at 26767.54 points.
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What to Watch
AI outlook — possibilities, not facts
Taiwan stocks will maintain a consolidation pattern above 48,000 points in the short term
Likely · Within weeks
Open Questions
- After the release of key U.S. inflation data, how will U.S. bond yields develop?
- Can the rally of the wafer duo continue, or will they face profit-taking pressure?
