Taiwan Stocks Surge Over 600 Points at Open Despite Lower Close on Wall Street

林林靖雯 財經主筆2026-11-11 09:04

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U.S. October CPI rose 0.4% month-on-month, above expectations, Waller signaled a possible two-notch rate hike in December, the four major U.S. stock indexes closed lower, TAIEX futures fell 124 points in the night session, Taiwan stocks opened up 423.84 points on the 11th, with gains expanding to over 600 points.

US Inflation Cools Less Than Expected

U.S. October consumer price index rose 0.4% month-on-month, down from 0.6% in September but above the market expectation of 0.3%. Core CPI excluding food and energy rose 0.3% month-on-month, flat with the prior month and above the expected 0.2%. Because the U.S. federal government was shut down last October and price data for that month is missing, the year-on-year rates for headline and core CPI were not released this time. Federal Reserve Governor Waller said before the data release that he leaned toward supporting a one-notch rate hike in December, but if core CPI rose 0.3% or more month-on-month, a two-notch hike should be considered.

All Four Major U.S. Indexes Close Lower

U.S. stocks all moved lower on Tuesday. The Dow Jones fell 157.86 points or 0.30% to 52,231.89 points. The Nasdaq fell 187.26 points or 0.74% to 25,065.87 points. The S&P 500 fell 29.01 points or 0.38% to 7,520.93 points. The Philadelphia Semiconductor Index fell 35.60 points or 0.36% to 9,998.33 points. October U.S. inflation cooled by less than expected, and Waller signaling a possible two-notch rate hike in December pressured the market.

Taiwan Stocks Open Higher Led by Heavyweights

Shrugging off the weakness in U.S. stocks, Taipei stocks opened on the 11th up 423.84 points at 43,135.76 points, with gains later expanding to over 600 points. As the broader market opened higher, small and mid-cap stocks also moved up, with the OTC index opening up 0.42 points at 333.39 points. Strong stocks with heavy opening volume today were MediaTek, Tripod Technology, TSMC, Gold Circuit Electronics, Yageo. Weak stocks with heavy opening volume were Powerchip, Winbond, Macronix, China Airlines, Inventec.

Heavyweights Rise While TAIEX Futures Night Session Closes Lower

Most heavyweight stocks moved higher. The market leader TSMC opened up NT$45 at NT$2,330. MediaTek opened up NT$10 at NT$3,840. Delta Electronics opened up NT$20 at NT$1,295. TAIEX futures were mostly lower in the night session; although intraday they briefly turned positive to 43,147 points, they immediately turned negative again, ending down 124 points or 0.29% at 42,522 points. TSMC futures rose NT$8 or 0.35% after hours to NT$2,291.

FAQ

Why did U.S. October CPI data spark rate-hike concerns?

U.S. October CPI rose 0.4% month-on-month and core CPI rose 0.3% month-on-month, both above market expectations of 0.3% and 0.2%. Waller said if core CPI rose 0.3% or more month-on-month, a two-notch rate hike in December should be considered.

How did U.S. stocks perform on the 11th?

All four major U.S. stock indexes moved lower: the Dow fell 157.86 points to 52,231.89 points, the Nasdaq fell 187.26 points to 25,065.87 points, the S&P 500 fell 29.01 points to 7,520.93 points, and the Philadelphia Semiconductor Index fell 35.60 points to 9,998.33 points.

Why was Taiwan stocks' opening on the 11th so strong?

Taiwan stocks opened up 423.84 points at 43,135.76 points, with gains expanding to over 600 points. TSMC rose NT$45 to open at NT$2,330, MediaTek rose NT$10 to open at NT$3,840, Delta Electronics rose NT$20 to open at NT$1,295, and the OTC index rose 0.42 points to open at 333.39 points.