Huida plunged more than 8% after the market opened! TSMC leads the way, the index falls more than 300 points and falls below 44,000
TSMC leads the charge, Taiwan stock market fluctuates and turns black after opening on Thursday
Quick Look
- Huida's share price plunged more than 8% after the market opened, dragging down Taiwan's stock market and plummeting after the opening on Thursday, with the index falling more than 300 points and falling below the 44,000 level.
- TSMC's ADR rose more than 4% on Wednesday, but news of Huang Jen-Hsun's extramarital affair triggered a sharp fall in Huida after the market.
- Taiwan stocks turned black under the selling pressure of weight stocks such as TSMC, Hon Hai, and Fubon Gold.
AI-generated summary
Why It Matters
Huida stabilized after falling sharply for two consecutive trading days. The U.S. stock market closed higher on Wednesday. The Dow Jones Industrial Index rose 254.60 points or 0.49%. The S&P 500 and Nasdaq indexes both rose by more than 1%. The Philadelphia Semiconductor Index rose 5.66%. CoreWeave's impressive financial report alleviates market concerns about the AI industry.
[Financial Channel/Comprehensive Report] Inspired by CoreWeave's outstanding financial report, the fee surged nearly 6% on Wednesday, while TSMC's ADR also rose by more than 4%. However, Huang Renxun's extramarital affair added another incident, and Huida's stock price fell by more than 8% after the market. Affected by this, Taiwanese stocks fell at the opening of TSMC on Thursday, and the index opened The index fell 76.69 points and opened at 44180.46 points. Immediately after the strong rebound of electronic stocks such as United Microelectronics, Global Microelectronics, and Nanya, the index turned from black to red, rising 170 points in early trading. However, when sell orders for weighted stocks such as TSMC, Hon Hai, and Fubon Gold were released, the index turned black again, falling by more than 300 points, and fell below 44,000.
The profits of CoreWeave, an AI cloud technology company, eased market concerns about the AI industry. In addition, Huida stabilized its decline after two consecutive trading days. The U.S. stock market closed higher on Wednesday. The Dow Jones Industrial Index rose 254.60 points, 0.49%, the S&P 500 and the Nasdaq Index both rose by more than 1%, and the Philadelphia Semiconductor Index rose 5.66%.
What to Watch
AI outlook — possibilities, not facts
Taiwan stocks will continue to fluctuate in the short term due to Huida’s after-hours trend.
Likely · Within days
Open Questions
- The specific content and sources of Huang Jen-Hsun’s extramarital affair news
- Will Huida's after-hours plunge continue to the next trading day?
- Will Taiwan stocks stabilize in subsequent trading?
