Taiwan Index futures soared over 900 points, hitting 49,608 points

The Taiwan Index soared over 900 points, hitting a new level of 49,608 points. (File photo)

[Financial Channel/Comprehensive Report] The U.S. employment data was shocking. The four major U.S. stock indexes all closed in the red last Friday. TSMC ADR surged 2.96%. Encouraged by this, Asian stocks followed the same trend on Monday (5th). The Nikkei opened higher, soaring 1,614 points, approaching the 70,000 point mark. The Taiwan Index soared on Monday, rising more than 900 points, reaching a new record of 49,608 points, approaching 50,000 points.

The U.S. employment report for September was unexpectedly weak. The report also increased investors' expectations that the Federal Reserve (Fed) will keep interest rates unchanged in October, boosting the stock market. Last Friday, the Dow Jones Industrial Average rose 250 points, 0.49%, and the S&P 5 The 00 Index rose 0.73%, the Nasdaq Index rose 1.19%, hitting a record high during the session, the Philadelphia Semiconductor Index rose 2.4%, and TSMC ADR rose 13.58 US dollars, 2.96%, to close at 472.78 US dollars.

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As the Nikkei rose sharply on Monday, the Taiwan stock market also followed suit. The Taiwan index futures opened up 2 points, and then the buying orders ignited. The index suddenly pulled up, soaring 939 points. The index exceeded 49,000, reached 49,608 points, and hit the 50,000 point mark.

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