Taiwan's stock market opened with strong momentum today, briefly surging to 46,064.06 points in early trading. However, profit-taking pressure quickly emerged, causing the index to reverse course and decline. By midday, the main index stood at 45,706.99 points, down 27.42 points or 0.06% from the previous close, with an intraday low of 45,352.41 points. The overall market displayed a weak consolidation pattern.
Blue-chip stocks showed weak performance, particularly among tech heavyweights, which suppressed broader market gains:
- TSMC (2330): 2,435 TWD ▼30 (-1.22%) - Hon Hai (2317): 237 TWD ▼1.5 (-0.63%) - MediaTek (2454): 3,985 TWD ▼5 (-0.13%) - Quanta Computer (2382): 374 TWD ▼1 (-0.27%) - Delta Electronics (2308): 1,900 TWD ▲5 (+0.27%)
By sector, plastics stocks faced heavy selling pressure, led by the Formosa Plastics Group. Financial stocks also weakened broadly. In contrast, memory stocks and select automotive and networking component stocks attracted strong buying interest, delivering standout performances.
The following stocks surged to their daily upper limits despite the market downturn:
- Nanya Technology (2408): 435.5 TWD ▲39.5 (+9.97%) - Etron Technology (3006): 237 TWD ▲21 (+9.98%) - Hota (1536): 55 TWD ▲5 (+10.00%) - Nan Ya PCB (8046): 1,210 TWD ▲105 (+9.05%) - Taiming (8039): 154 TWD ▲14 (+10.00%)
Conversely, several biotech and traditional industry stocks suffered sharp declines:
- Pharmason (6446): 1,295 TWD ▼235 (-15.36%) - Hua Mao (5292): 192.5 TWD ▼31 (-13.87%) - Hong Ho (1446): 14.95 TWD ▼2.25 (-13.37%) - Chiayi (6715): 391.5 TWD ▼43.5 (-9.43%)
FACT BOX
- Source: PR Times
- Category: News