Taiwan Stock Market Surges Over 600 Points in Early Trading, Exceeding 33,000 Points

The TAIEX reached 33223.71 points in early trading, up 651 points, a 1.9% increase.

TSMC reached NT$1850 in early trading, up NT$40; Hon Hai rose NT$2.5 to NT$195.5; Delta Electronics reached NT$1510, up NT$80. (Edited by Chang Chun-mao) 1150407

(Central News Agency reporter Chang Chien-chung, Hsinchu, 7th) Major US stock indices closed higher across the board on the 6th, and TSMC's American Depositary Receipts (ADR) rose by 0.8%. TSMC's stock price also rose today, opening with a gap up to NT$1850, an increase of NT$40, with its market value recovering to NT$47.97 trillion. Investors downplayed concerns about escalating US-Iran tensions, and major US stock indices closed higher, with the Dow Jones Industrial Average up 165.21 points, the Nasdaq Composite up 117.16 points, and the Philadelphia Semiconductor Index up 82.72 points. TSMC's ADR rose US$2.72, or 0.8%, to close at US$341.76. According to Companiesmarketcap statistics, TSMC's ADR market value reached US$1.77 trillion, surpassing Saudi Aramco, and reclaiming the 6th position globally. TSMC's stock price rose today, opening at NT$1850, an increase of NT$40, with its market value recovering to NT$47.97 trillion, contributing 317 points to the overall market. TSMC is expected to announce its March revenue on April 10. TSMC's cumulative revenue for the first two months was NT$718.912 billion, and market participants expect TSMC to successfully achieve its first-quarter operational targets. TSMC previously estimated that its first-quarter revenue would reach US$34.6 billion to US$35.8 billion, driven by strong demand for advanced processes, with an assumed average exchange rate of NT$31.6 to US$1. (Edited by Lin Chia-hsin) 1150407