Taiwan Stocks Plunge 1,467 Points Then Rebound Nearly 1,000 Points, Recovering 45,000 Mark

(Central News Agency reporter Zhong Rongfeng, Taipei, 5th) Following a decline in US chip stocks, Taiwan's stock market experienced volatile early trading on the 5th, plunging to a low of 44,209.53 points, a sharp drop of 1,467.93 points. During the session, heavyweight electronics stocks such as MediaTek, Delta Electronics, Hon Hai Precision Industry, and ASE Technology Holding rebounded from their lows, while TSMC stabilized. This narrowed the decline, leading to a rebound of nearly 1,000 points and recovery of the 45,000-point mark.

As of 10:02 AM, the Taiex index stood at 45,099.46 points, down 578 points or 1.27%, with turnover value around NT$616.689 billion. The electronics sub-index narrowed its decline to 1.37%, the financial sub-index turned positive, rising 0.46%, and the OTC index, representing small and mid-cap stocks, narrowed its decline to 1%.

TSMC, the market heavyweight, briefly rose to NT$2,405 in early trading before turning negative, trading down NT$10 or 0.42% during the session. MediaTek narrowed its decline to 1.8%, Delta Electronics fell nearly 4%, while Hon Hai and ASE Technology Holding dropped around 2%.

In the memory sector, Nanya Technology briefly hit the daily limit down at NT$355.5 before recovering, trading nearly 9% lower during the session. Winbond Electronics hit the daily limit down at NT$162, and Macronix International hit the daily limit down at NT$141 before recovering, still trading nearly 8% lower.

Among high-priced stocks above NT$1,000, decliners outnumbered gainers. Browave (3163) managed to hold above the NT$1,000 level, with the group of high-priced stocks defending the "51 stocks above NT$1,000" mark.

The research team at Taishin Taiwan IC Design ETF (00947) stated that although Broadcom's (AVGO) earnings profit exceeded market expectations, the company did not further raise its outlook for AI chip prospects. This led investors to take profits, dragging down the US semiconductor sector and impacting Taiwan's stock market, which fell over 1,000 points in early trading but managed to hold the 45,000-point level during the session.

Looking ahead, the Taishin Taiwan IC Design research team noted that despite strong AI demand, the high index level means any slight disturbance could trigger profit-taking selling pressure. However, as long as AI demand is confirmed to be booming, there is no need to worry about short-term pullbacks. (Editor: Zhang Junmao) 1150605