Taiwan stocks hit new highs, Taiwan index futures rose strongly to close to 49,000 in night trading

Taiwan stocks rose by 122.25 points on Friday, closing at 48,475.74 points, setting a new closing high, driven by gains in silicon wafers, ABF carrier boards, optoelectronics, and communication networks. The Taiwan Index futures continued to rise in night trading, rising by more than 300 points, once touching 48,997 points, approaching 49,000.

U.S. bond yields fell, and the four major U.S. stock indexes all closed in the red on Thursday. On Friday (2nd), Taiwanese stocks saw weak trends in electronics stocks such as TSMC, Hon Hai, Delta Electronics, and AI, as well as financial and communication industries, and the index turned black. It fell 148 points. Fortunately, silicon wafers, ABF carrier boards, optoelectronics, communication networks, etc. bucked the trend and rose, and the index rose by 122.25 points at the end, closing at 48475.74 points, setting a new closing high.

As U.S. stocks continued to be stimulated by the pullback in U.S. bond yields and the sudden plunge in international oil prices before the market opened on Friday, the U.S. stock futures index rose slightly in early trading as investors awaited the release of the U.S. September employment report.

The Taiwan Index futures were also encouraged by the rise in U.S. stock futures during the night trading. After the opening, it remained above the flat market. It once touched 48,997 points during the session, approaching the 49,000 mark. At 19:21 Taipei time on the 2nd, the Taiwan Index futures rose 315 points in overnight trading to 48,984 points.