Open Retakes 40,000 as Heavyweights Rise Together
Taipei stocks rebounded at the open today (9th), with the benchmark index opening at 40347.28 points, up 645.64 points from the previous close of 39701.64 points, a gain of about 1.63%, retaking the 40,000 level. TSMC (2330) opened up 75 dollars at 2210 dollars and is now up 65 dollars at 2200 dollars, MediaTek (2454) rose 90 dollars to 3480 dollars, Hon Hai (2317) rose 5 dollars to 229.5 dollars, with heavyweights rising together to push the index higher at the open.
NVIDIA CEO Jensen Huang admitted to an extramarital affair and was caught up in a suspected foreign intelligence activity controversy, and the NVIDIA board has announced an independent investigation. Judging from the 09:00 open today, the benchmark index still rose 645.64 points, with no obvious drag on the market seen for now. However, the Hyperliquid perpetual futures contract tracking NVIDIA shares once fell about 2.9%, showing the news is still affecting some market sentiment, and subsequent developments deserve attention.
Last Week's 3700-Point Plunge Sets Record as Rescue Measures Deployed
Looking back at last Friday (6th), the benchmark index opened at 38915.76 points, fell to an intraday low of 37837.05 points, and closed at 39701.64 points, down 1873.08 points, a drop of 4.51%, with turnover Tahsin NT$1 trillion 2461.04 billion. That day the index plunged more than 3700 points intraday at one point, setting the largest intraday point drop in history, and TSMC also hit limit-down at one point, with heavy selling pressure. After the sharp selloff last Friday, the market rebounded at today's open, and the market is closely watching whether the rebound can continue.
Facing sharp market volatility, the National Stabilization Fund has decided to intervene, and the FSC also announced short-selling curbs effective from November 9, including reducing securities-lending sell quotas and raising margin requirements for short sales, aiming to reduce market selling pressure. With the market reopening above 40,000 today, it remains to be seen whether TSMC and other large heavyweights, trading volume, and market breadth can confirm the rebound has continuity. The NVIDIA board said there is currently no reason to believe U.S. national security or company secrets have been compromised, but the progress of the investigation and whether Jensen Huang's operating role will be affected remain to be watched. Investing involves risks, with gains and losses possible; investors should read the prospectus carefully and establish correct investment concepts.