The Taiwan stock market surged 702.85 points today (10th), briefly reclaiming the 45,000 level, driven by strong gains in power supply giants, UMC, ASE Holding, and memory-related stocks. However, late-day pressure from TSMC narrowed the gains, and the index closed up 702.85 points at 44,928.76, reclaiming the 20-day moving average. Trading value reached NT$847.4 billion.

Among major weighted stocks, TSMC (2330-TW) saw 4,381 lots of sell orders in the final session, limiting its gain to just NT$10 (0.42%), closing at its low of NT$2,480. MediaTek (2454-TW), Hon Hai (2317-TW), and Taipower (2383-TW) rose about 1%, while UMC (2303-TW) gained 6%.

Power supply leaders Delta Electronics (2308-TW) and Lite-On (2301-TW) hit their daily trading limits. ASE Holding (3711-TW), the benchmark in semiconductor packaging and testing, rose 7.7%, while Powertech Technology (6239-TW) also reached its limit. AU Optronics (2409-TW) surged to its limit on reports that TSMC is interested in acquiring its Taichung plant, with Innolux (3481-TW) also rising sharply.

The memory sector performed strongly, with Nanya Technology (2408-TW), Winbond Electronics (2344-TW), and Macronix (2337-TW) all hitting their daily limits. Semiconductor distributors WPG (3036-TW) rose 8%, Uni-Asia (3702-TW) gained over 6%, and Laminex (6213-TW) also reached its limit.

Among high-priced electronics stocks, Chuan Hsu (2059-TW) briefly hit its limit, setting a new record high, and closed up 7%. Syntec (7750-TW) rose 6%, but Kinpo (3653-TW) fell over 5%, while Chicony (8210-TW) and Zyxel (2345-TW) dropped 2-3%, and Gold Circuit (2368-TW) fell 5.7%.

In non-electronics sectors, Hsin Chong (1605-TW) closed at its limit, showing strength. PPHARM (6446-TW) rose 7% despite negative sentiment from its arbitration case with international pharmaceutical firm AOP. However, China Airlines (2610-TW) saw its Q2 profits severely impacted by soaring international oil prices, causing its stock to plunge 9%. EVA Airways (2618-TW) also closed down nearly 4%.

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  • Source: PR Times
  • Category: News