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Taiwan Stocks Rise as TSMC Press Conference Boosts Market Confidence

[FTNN新聞網]Reporter Li Huiting/Reporting from Taipei

Although the four major U.S. stock indexes collapsed miserably on Wednesday, with the Dow Jones falling more than 300 points, TSMC is about to hold a press conference in the afternoon, and optimistic buying orders have been blocked first. Taiwan stocks opened today (19th) down 24 points to 16,416 points After exiting the market, although it dipped to nearly 60 points at its deepest point, it immediately went up and turned red, rising by 30 points. It is currently fluctuating between flat and flat. The powerful TSMC once again played an important role in stabilizing the market today, rising by up to 6 yuan to 546 yuan; although the AI ​​group was once weak, Quanta fell more than 2.6%; Gigabyte also fell more than 2%, but the intraday decline converged.

Taiwan stocks did not fear the negative news from U.S. stocks today, with strong fluctuations and flat trading. (Schematic diagram/data photo)

TSMC was first hit by the bad news yesterday about the expansion of the AI ​​ban in the United States, and its stock price fell by 11 yuan. However, before the announcement this afternoon, Morgan Stanley Securities semiconductor industry analyst Zhan Jiahong proposed three points from the perspective of fourth-quarter financial forecasts. In this scenario, after analyzing the theory, TSMC’s stock price has a 75% chance of rising, and the increase is expected to be 5%, which rekindles the enthusiasm for betting on funds.

As foreign investors are optimistic about TSMC’s announcement, Taiwan stocks are not afraid of the negative news from the sharp decline in US stocks. They bid farewell to yesterday’s heavy losses. After opening today, they fell 24.37 points to 16416.54 points. Although the selling pressure was once released, they fell by nearly 60 points. However, TSMC took the lead in launching a major counterattack, and the decline of weak AI stocks converged. Taiwan stocks suddenly rose and turned red, reaching a maximum of 16474.09 points, an increase of more than 30 points. However, electronic stocks were unable to support the overall situation. Under the drag of financial stocks, Taiwan stocks are currently Oscillate up and down on the flat plate.

After opening at a flat price of 540 today, TSMC (2330) once rose 6 yuan to 546 yuan, an increase of more than 1%, which was the main reason for the stability of Taiwan stocks today; IC design leader MediaTek (2454) restarted its offensive after a day’s rest. Today it rose another 25 yuan to 838 yuan, an increase of more than 3%.

In terms of popular gold stocks, Wang Xinhua (5274) rose 85 yuan to 2,860 yuan, an increase of more than 3%; Shixin-KY (3661) rose 100 yuan to 2,540 yuan, an increase of more than 4%; Largan (3008) ) fell by 10 yuan to 2,035 yuan, a decrease of about 0.5%.

As the United States strictly restricted the export of AI chips to China, NVIDIA, the leader in AI chips, was sold by investors. The stock price fell sharply for two days in a row, which also affected Taiwanese AI concept stocks. Wistron (3231) opened lower, Quanta (2382) ) once fell by 2.6%, and Gigabyte (2376) also fell by more than 2%. However, foreign investors bought 50,000 Wistron cards yesterday, the largest amount in a single day, which also inspired AI stocks to rebound after falling deeply today, with Wistron pulling to flat. Nearby, Quanta and Gigabyte also converged their losses, while Lite-On (2301) turned red, rising nearly 1%.

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2023-10-19 02:53:26
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