August 3 Taiwan Stock Market Pre-Market News

1. Taiwan's stock market delivered an epic rebound on Friday, July 31, surging 3,186 points in a single day, sharply narrowing the week's losses to 535 points. The weekly candle formed a long lower shadow, reversing the quarterly line's two-day downward trend and preventing the monthly line from crossing below the quarterly line, temporarily halting a shift into short-to-medium-term bearish territory. However, the Taiwan Index Futures night session pulled back 1,077 points to close at 42,650, breaking below the 43,000 level, suggesting potential technical correction ahead.

2. Taiwan's Directorate General of Budget, Accounting and Statistics (DGBAS) announced on July 31 that the real GDP growth rate for Q2 2024 was provisionally estimated at 12.92%, an upward revision of 2.09 percentage points from the May forecast. This marks the third consecutive quarter with growth exceeding 10%, driven by stronger-than-expected real growth in capital formation (including fixed investment and inventory changes), private consumption, and exports.

3. MediaTek (2454-TW) has been aggressively pursuing AI ASIC opportunities. At its earnings call on July 31, CEO Ming-Kai Tsai announced an upward revision of its AI ASIC market share target for 2027, from the original 10–15% to 15–20%. Development of its second-generation AI accelerator ASIC continues on schedule, with mass production expected to begin in early 2028.

4. The Shanghai Shipping Exchange released the latest Shanghai Containerized Freight Index (SCFI) on July 31, ending a three-week losing streak. The index rose 143.02 points (4.67%) to 3,205.97. Long-haul routes showed mixed performance: European freight rates declined, while U.S. routes rebounded sharply. The freight rate from Far East to U.S. East Coast surged by $1,014 per FEU, breaking the $9,000 threshold.

5. After nearly a week of consecutive pullbacks and market consolidation, Taiwan's stock market demonstrated remarkable rebound strength on the last trading day of July. Led by TSMC (2330-TW), which hit its third-ever涨停, the broader market surged, setting a record for the largest single-day gain in Taiwan's stock history. Bullish sentiment surged, with individual stocks rallying and domestic passive and active ETFs experiencing a rare '18 funds all in red' phenomenon. Iconic ETF 0050 and popular active ETF 00981A both hit涨停, though investors are cautioned about premium risks.

6. On July 31, Taiwan's stock market surged over 3,000 points, driving the New Taiwan Dollar's appreciation against the U.S. dollar. The currency closed up NT$1.62 (0.5%) at NT$32.292, its largest single-day gain in over three months. Total trading volume in Taipei and Yuan Ta foreign exchange markets reached $4.049 billion. However, July cumulative depreciation remained at NT$4.55 (1.4%), resulting in two consecutive black monthly candles.

<Taiwan Stock Market Indicator> July's worst slump narrows; August bulls aim to break dual resistance of monthly and quarterly lines

Domestic demand optimism lifts Taiwan's Q2 GDP to 12.92%, third straight quarter above 10% growth

<Shipping Index> SCFI ends three-week decline; U.S. freight rates surge over 10%

Taiwan's stock market's wildest rebound! 18 passive and active ETFs hit涨停 simultaneously; 0050 and 00981A included

<NT Dollar> Stock and currency rally! NT dollar surges 1.62 cents to 32.292; still down 4.55 cents monthly

<Hot Stocks> TSMC closes at rare涨停; 00631L soars 18.75%, leading the market

CPC freezes household natural gas prices in August; industrial up 5%, power sector up nearly 10%

<MediaTek Earnings Call> Raises ASIC market share target to 15–20%; second-gen ASIC to mass produce in 2028

'Progeny of TSMC' halo effect: Creative's 2025 capacity outlook 'very optimistic, very optimistic'

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  • Source: PR Times
  • Category: News
  • Products / services: AI ASIC / ETF