Taiwan Stocks Surge Nearly 1,300 Points to Record High; MediaTek and UMC Hit Limit Up

Central News Agency, Taipei, May 27: Following a strong rally in the Philadelphia Semiconductor Index, Taiwan stocks opened high and continued to climb, surging nearly 1,300 points to reach a record high of 44,818 points during the session. TSMC rose by NT$60 to NT$2,330, while MediaTek and UMC hit the daily limit up. The stock market leader, ASPEED, rose over 6%, and WinWay hit the limit up at NT$9,795, aiming to return to the 'dual 10,000-dollar stock' status. Following the latest conflict between the US and Iran, the market remains optimistic about a potential agreement to end the Middle East conflict, leading to gains on Wall Street. Micron surged 19.29%, driving TSMC ADR up 1.93%, and ASE and UMC ADRs up over 11% and 15%, respectively. The Taiwan Weighted Index opened at 43,842.26 points and climbed to 44,818.25 points. As of 11:35 AM, the index was up 1,148.15 points to 44,673.52. Electronics stocks rose 3.07%, and financial stocks rose 1.87%. Among heavyweight stocks, Delta Electronics rose over 8%, Foxconn over 2.5%, and Yageo over 9%. Memory stocks also rallied, with Nanya Technology and Winbond rising, while PCB stocks like Unimicron and KYEC were weaker. Among high-priced stocks, Grand Process hit the limit up, and Acter rose over 8%, with Taiwan stocks maintaining 52 'thousand-dollar' stocks.