SOX Index Soars, Taiwan Stocks Aim for Continued Strength; Analysts: Market Momentum is Strong

According to CNA, Wall Street stocks mostly closed higher, with the Philadelphia Semiconductor Index (SOX) surging 5.53%. Micron shares jumped over 19%, and ADRs for TSMC, ASE, and UMC also saw significant gains. After hitting a new high of 44,097.63 points on the 26th, the Taiwan stock market experienced some profit-taking but remains strong. According to Bloomberg data, Taiwan's market capitalization has climbed to US$4.95 trillion, surpassing India's US$4.92 trillion, making it the 5th largest in the world. The upcoming COMPUTEX and the visit of Nvidia CEO Jensen Huang are also fueling market optimism. Analysts note that despite recent volatility, market momentum remains robust with active capital flows.