Intraday High of 42349 Points Reclaims 42000 Mark
Taipei stocks extended their rebound after opening on the 9th, with the benchmark index surging to an intraday high of 42349.36 points, up over 2600 points from the previous trading day, strongly reclaiming the 42000 integer mark. As ofZhishang 12時10分25秒, the index stood at 42022.36 points, up 2320.72 points, or 5.85%. The index rebounded sharply today, retaking 42000 intraday, more than 2300 points above the previous close. Intraday index levels and turnover will continue to change with trading, and investors should watch intraday volatility.
Electronics Subsectors Rally Together Led by Memory
Across the market, from high-priced IC design, semiconductor equipment, and optical communications to memory and PCB-related supply chains, multiple electronics subsectors strengthened together today, with overall sentiment clearly warming. The rebound was led by electronics, with funds focusing on related supply chains and lifting the index. Phison (8299) surged to the daily limit, Macronix (2337), Winbond (2344), and ESMT (3006) also hit limit-up, while Nanya Technology (2408) rose over 9% intraday, with the segment recovering across the board as key market support.
Contrast With Prior Selloff and Stabilization Measures
In the previous session on the 6th, Taiwan stocks came under selling pressure, with the benchmark index closing at 39701.64 points, down 1873.08 points, or 4.51%, with turnover reaching 1兆3210.72億元. That daily drop exceeded South Korea's 1.9% and Japan's 3.4%, marking severe volatility. By contrast, the intraday high of 42349.36 points and the 42022.36 points at 12時10分 on the 9th were both sharply above the 6th close, showing a strong short-term rebound.
Notably, after the sharp volatility in the prior session, the National Stabilization Fund has decided to intervene, and the FSC has imposed short-selling curbs starting 11月9日, including lowering securities-lending sell quotas and raising margin requirements for short sales. The market will watch the impact of these measures on trading and investor confidence. Further confirmation of rebound strength will depend on heavyweight performance, trading volume, and market breadth.