
AI-generated summary
Taiwan stocks rose on Friday as many stocks bucked the trend, with the index rising 122 points to a new closing high.
The three major legal entities joined forces to sweep 91,200 tickets, and AUO's stock price soared 5.61%. (File photo)
Taiwanese stocks bucked the trend on Friday (2nd) in silicon wafers, ABF carrier boards, optoelectronics, communication networks, etc., with purchases exceeding 9.557 billion from the three major legal entities. The index rose by 122 points at the end, closing at 48,475.74 points. It hit a new closing high, and AUO, which has more than 580,000 shareholders, became the biggest winner. The three major legal entities jointly bought more than 91,200 shares. The stock price opened higher and ended up rising 5.61% to close at 40.45 yuan.
The top 10 stocks bought by foreign investors on Friday were AUO (2409) with 81,467 shares, Power Semiconductor (6770) with 45,435 shares, Taiwan Chemical (1326) with 22,015 shares, Formosa Plastics (1301) with 15,022 shares, and Zhending-KY (49 58) 14,023 tickets, Mega Gold (2886) 13,683 tickets, Fucai (3714) 11,334 tickets, Huaxinke (2492) 19, Sinopec (1314) 9,720 tickets, and United Renewal (3576) 8,761 tickets.
During this year’s National Day holiday, Meituan’s Little Elephant Supermarket’s first offline store in Central China at T16 Shopping Mall in Honggutan District, Nanchang City, received intensive customer traffic and became a consumer hotspot. In the first eight months, Nanchang introduced 118 first stores of various brands, a year-on-year increase of 25%. The "first store economy" is continuing to heat up and unleash consumer vitality.

According to the latest estimates from the Ministry of Labor, the minimum wage will be raised starting from January 1, 2020. The monthly salary will increase from 29,500 yuan to 30,900 yuan, and the hourly wage will increase from 196 yuan to 205 yuan. Driven by this, the total cost of social insurance and labor pensions for workers under the monthly wage system and hourly wage system will increase by 28.06 billion yuan and 7.53 billion yuan respectively.

Bloomberg reported that China Semiconductor Technology Leasing Company used funds to help Chinese company Hongjing Technology purchase controlled Huida B300 chips and other servers, highlighting China's state support for illegal chip transactions and raising concerns in Washington about loopholes in export controls.

The U.S. Treasury Department expanded sanctions on the Russian payment platform A7, accusing it of helping Iran circumvent sanctions and included it in Trump's "economic exile operation." A7 issued a statement denying cooperation with Iran or terrorist organizations, emphasizing that it provides uninterrupted payment and settlement services in the Russian market.

The labor union of Guaiguai Zhongli Factory originally scheduled a one-day warning strike. Dissatisfied with the management's intention to bring migrant workers into the factory, the union held an extraordinary meeting in the evening and voted to change it to an indefinite strike. It requested the three groups and Guaiguai Company to restart negotiations and put forward specific plans on issues such as factory relocation, work rights and compensation.

Hong Kong authorities raised the minimum wage for foreign domestic helpers by 2.35% to HK$5,220 per month, citing favorable socioeconomic factors, while food allowances remain unchanged at HK$1,236.