Taiwan stocks turn sharply again! TSMC leads more than 800 companies to join in the fun, and the index surges by more than 900 points
Quick Look
- Driven by Taiwan Semiconductor Manufacturing Co.'s opening gain on Wednesday, the Taiwan stock index surged by more than 900 points, with 816 listed counters rising simultaneously.
- Previously, U.S. stocks closed in the red on Tuesday due to an increase in the probability of interest rate hikes and Huida's sharp decline.
- TSMC's ADR reversed and rose by 2.02%.
AI-generated summary
Why It Matters
The four major U.S. stock indexes closed in the black on Tuesday due to increased chances of interest rate hikes and sharp declines in Huida. TSMC's ADR bucked up by 2.02%, driving Taiwan stocks to open higher on Wednesday. The index rose by more than 900 points, and 816 listed counters rose simultaneously.
[Financial Channel/Comprehensive Report] U.S. stocks rose on Tuesday as the probability of interest rate hikes increased, and the four major indexes closed in the black. However, TSMC ADR reversed and rose by 2.02%. Encouraged by this, Taiwanese stocks opened higher on TSMC on Wednesday, and the index opened up 423.84 points, opening at 43135.76 points. ABF carrier boards, IC design, panels, passive components, optoelectronics and other electronic stocks, and plastics With the simultaneous rise of transmission stocks such as , chemicals, and shipping, the index opened higher, rising by 674 points. However, dragged down by the decline of financial, communication network, food and other stocks, the index once plunged and fell by 3 points. However, many parties entered the market and ignited, and TSMC rose all the way, leading 816 listed counters to rise simultaneously. The index soared again, once returning to 43,628 points, a surge of more than 900 points.
U.S. inflation cooled less than expected in October, and Federal Reserve (Fed) Governor Waller signaled that interest rates may be raised by two percentage points in December. Huida fell 5.47%, dragging down technology stocks, and U.S. stocks closed lower on Tuesday (10th).
The Dow Jones Industrial Average fell 157.86 points, or 0.30%, to 52,231.89.
The Nasdaq fell 187.26 points, or 0.74%, to 25,065.87.
The S&P 500 fell 29.01 points, or 0.38%, to 7,520.93.
The Philadelphia Semiconductor Index fell 35.60 points, or 0.36%, to 9,998.33.
What to Watch
AI outlook — possibilities, not facts
Taiwan stocks will be affected in the short term by TSMC’s performance and the Fed’s interest rate hike signals
Likely · Within days
Open Questions
- Will Taiwan stocks continue to rise?
- Will the Fed raise interest rates by two percentage points in December?
- The continuing impact of Huida’s plunge on Taiwan’s electronics stocks
