Market opens higher and climbs back above 41000
Taipei stocks staged a strong rebound on the 9th, with the weighted index opening at 40347.28, up 645.64 points from the previous trading day, hitting an intraday high of 42349.36, at one point surging over 2600 points, and finally closing at 41661.70, up 1960.06 points or 4.94%, reclaiming the 41000 mark, with turnover Tahsin NT$8379.29 hundred million. Although it pulled back 687.66 points from the intraday high into the close, it still held a gain of nearly 2000 points, showing strong rebound momentum while also reflecting profit-taking pressure at highs.
Heavyweights lead semiconductor and AI rebound
Heavyweight stocks led the rebound, with TSMC closing up 75, hitting an intraday high of 2290, while MediaTek, Delta Electronics and Yageo hit limit-up, and multiple high-priced stocks strengthened together. AI-related supply chains rose almost across the board, with PCB, semiconductor supply chains and memory groups also rebounding, driving a recovery in the overall electronics sector. After last week's sharp sell-off, Taiwan stocks rebounded sharply today, but the pullback from the intraday high shows selling pressure remains at highs.
US rebound and policy support lift confidence
On international markets, US technology stocks rebounded last Friday, with the Philadelphia Semiconductor Index rising 4.21% and TSMC ADR surging 6.33%, supporting Taiwan semiconductor stocks. Last Friday the 6th, Taiwan stocks slumped, with the weighted index closing down 1873.08 points or 4.51% at 39701.64, falling below the 40000 mark. Today, driven by the US tech rebound, the National Stabilization Fund announcing its 10th market stabilization operation, market confidence recovered. On policy, the National Stabilization Fund has authorized market stabilization operations, and the Financial Supervisory Commission's short-selling restrictions took effect today, including cutting securities lending quotas and raising margin requirements for short sales, with markets watching whether policy and the global rebound can jointly improve investor confidence.
Nvidia noise shows no obvious drag on market
Separately, Nvidia CEO Jensen Huang has recently been embroiled in controversy over an extramarital affair and suspected involvement in Chinese intelligence activities, and Nvidia's board has launched an investigation. Judging from today's overall performance, with the weighted index closing up nearly 2000 points and many semiconductor and AI supply-chain stocks rebounding intraday, there is no obvious drag on the broader Taiwan market from the episode. However, market moves are driven by multiple factors, and the index gain alone does not mean the incident has no impact at all on Nvidia or individual supply chains; follow-up will depend on the company's investigation progress and related market reactions.