Taiwan stocks turn big V! TSMC surged 110 yuan, and the index closed up 1,545 points, standing at 44,000
The reverse rise in TSMC's ADR encouraged Taiwan stocks to open higher, with the top ten trading volume all in the red.
Quick Look
- Taiwan stocks surged 1,545.23 points on Wednesday to close at 44,257.15 points, reaching the 44,000 mark.
- TSMC soared 110 yuan to close at 2,395 yuan, ranking first with a turnover of 71.581 billion yuan.
- The top ten companies in terms of turnover were all red.
AI-generated summary
Why It Matters
U.S. stocks were boosted by the possibility of interest rate hikes on Tuesday, with the four major indexes closing in the black and TSMC ADR rising 2.02%, encouraging Taiwanese stocks to open higher on Wednesday.
Driven by Taiwan Semiconductor Manufacturing Company's opening gain on Wednesday, the Taiwan stock index opened up 423.84 points and opened at 43135.76 points. With ABF carrier boards, IC design, panels, passive components, optoelectronics and other electronic stocks, and plastics, chemicals, shipping and other transmission stocks simultaneously rising, the index opened higher, rising 674 points. However, stocks in the financial, communication network, food and other sectors bucked the trend and dragged down the index, causing the index to plunge by 3 points. After many parties entered the market and ignited the market, high-priced stocks such as TSMC and MediaTek rushed out, and the index continued to rise. With the performance of 1,158 listed counters, the final price surged by 1,545.23 points to close at 44,257.15 points, with a trading volume of 795.1 billion yuan.
The top 10 largest trading volumes are all in red. TSMC rose 110 yuan to close at 2,395 yuan, with a turnover of 71.581 billion yuan, ranking first; Nanya rose 24 yuan, closing at 313 yuan, with a turnover of 52.388 billion yuan, ranking second; MediaTek rose 160 yuan, closing at 3,990 yuan , with a turnover of 38.807 billion yuan, ranking 3rd; Delta Electric rose 20 yuan, closing at 1,295 yuan, with a turnover of 24.952 billion yuan, ranking 4th; Xinxing rose 36 yuan, closing at 864 yuan, with a turnover of 24.779 billion yuan, ranking 4th 5; Jiance rose by 435 yuan, closing at 6,225 yuan, with a turnover of 22.782 billion yuan, ranking 6th; Taiwan Glass closed at the daily limit of 76.7 yuan, with a turnover of 19.666 billion yuan, ranking 7th; Nanya Technology rose by 11 yuan, closing at 394 yuan, ranking 7th The transaction volume was 18.767 billion yuan, ranking 8th; Yageo increased 8 yuan, closing at 424.5 yuan, with a transaction volume of 18.5 billion yuan, ranking 9th; Taiwan Optoelectronics increased 135 yuan, closing at 4,500 yuan, with a transaction volume of 16.964 billion yuan, ranking 10th.
Open Questions
- Will the subsequent trend of Taiwan stocks continue to rise?
- The specific reasons why financial, communication network, and food stocks bucked the trend and fell
