Tech, Finance, and Traditional Industries Surge; Taiwan Stocks Jump 1,120 Points to 44,757

Central News Agency (Taipei, 29th) After experiencing a volatility of over 1,700 points on Thursday, the Taiwan stock market saw traditional industries, electronics, and financial stocks rise together today. The weighted index opened high and continued to climb, reaching 44,757.3 points during the session, less than 200 points away from the historical high of 44,954.09 points, up 1,120.86 points. As of 10:45 AM, the weighted index was at 44,657.13 points, up 1,020.69 points, with a turnover of 810.5 billion TWD. TSMC performed strongly today, hitting 2,375 TWD during the session, a new record high, contributing 636 points to the index. Foxconn, Delta Electronics, and Quanta Computer also rose, while the stock king Aspeed hit 19,305 TWD, a historical high, pushing the electronics sector index up by over 2.5%. The US announced on the 28th that it would grant tariff concessions to Taiwan on non-semiconductor products under Section 232, including reducing the tariff on auto parts to 15%, which boosted the automotive sector by over 3%. Cement, plastics, and cable sectors also performed well, rising over 2%, while the financial sector rose over 1%.