Taiwan stocks hit a new high of 49,968 points and then fell back, fluctuating nearly 500 points in a single day.

Taiwan stocks hit a new high of 49,968 points, which is a huge pressure! MediaTek and other nearly a thousand companies overturned, and the index turned black and fluctuated by nearly 500 points. (File photo)

[Financial Channel/Comprehensive Report] Driven by the AI wave, all four major U.S. stock indexes closed in the red on Monday, and TSMC ADR rose 2.75%. Asian stocks followed suit on Tuesday and rose sharply. Taiwanese stocks opened at the opening of Hon Hai, Delta Electronics, Taiwan Optoelectronics, Wiwing and other electronic stocks. rose, the index opened up 24.33 points, opening at 49736.37 points. As TSMC's buying ignited, the stock price reached a new high of 2,590 yuan, and the index also rose, rising 256 points, to 49968 points, setting a new record.

After TSMC and the Taiwan Stock Index hit highs simultaneously, as the index approached the 50,000-point mark, sell orders were released, and the index fell all the way. Electronic stocks such as wafer giants, MediaTek and other IC design, ABF carrier boards, panels, optoelectronics and other electronic stocks plunged. Under the overturn of nearly a thousand listed counters, the index once reached 23 At 3 o'clock, the backtest was 49,479 points, fluctuating 489 points. However, near 11 o'clock, buying orders in TSMC were ignited, and the stock price returned to flat. Coupled with the reverse rise in financial, shipping, cement, textile and other transmission stocks, the index decline converged. As of 10:59, the index was about 50 points lower.

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Although U.S. Treasury yields continue to rise, market investors are focusing on strong technology fundamentals and economic data. All U.S. stocks closed higher on the 5th. Among them, the Nasdaq Composite Index rose more than 1%, setting a new intraday and closing record high. It ended up rising 286.45 points, or 1.05%, to 27477.31 points; the Dow Jones Industrial Average rose 90.94 points, or 0.18%, reported at 51267.90 points; the S&P 500 Index rose 51.23 points, or 0.66%, at 7773.95 points; the Philadelphia Semiconductor Index rose 36.06 points, or 0.28%, at 13172.74 points.

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