Taiwan Stocks Surge 853 Points in Morning Session, Hold at 46867 Points at Midday
Taiwan stocks staged a strong rebound on the (28)th, with the weighted index surging as much as 853.75 points in early trading to 46,949.98 points. As of 11時53分, the index was at 46,867.96 points, up 771.73 points or 1.67%, with turnover reaching 5,108.44億元. Boosted by a across-the-board rally in the four major U.S. indexes, returning AI buying and falling international oil prices, Taiwan stocks opened at 46,402.79 points, up 306.56 points, before extending gains.
ASPEED Jumps NT$970, King Slide Reclaims NT$10,000, Genius Electronic Optical Hits Limit-Up
Market leader ASPEED (5274) climbed as high as 16,985 yuan, surging NT$970, lifting the book value per lot by NT$970,000; runner-up King Slide (2059) reclaimed the NT$10,000 mark, hitting 10,290 yuan at its peak. Optical maker Genius Electronic Optical (3406) surged to the daily limit, with nearly 4,000 lots queued in buy orders intraday, becoming the focus of the session.
TSMC Rises NT$30, MediaTek Reclaims NT$4,000
Heavyweight TSMC (2330) rose NT$30 intraday to 2430 yuan, MediaTek (2454) rebounded about 6% to retake NT$4,000, and Delta Electronics (2308) rose about 4%. In addition, the OTC index rose more than 3% at one point, with glass, plastics, memory and passive-component groups strengthening in tandem, signaling a broad return of capital.
High-Priced Stocks Rally Together, Analysts Warn Against Chasing Highs
Among high-priced stocks, Global Unichip (3443) hit 8170 yuan at its intraday peak to reach the daily limit, Jentech (3653) briefly climbed to 6445 yuan to hit the limit, and Largan Precision (3008) once reached 6345 yuan. Hongjin (7769), MPI (6223), EMC (2383), Alchip-KY (3661), AVC (3017), eMemory (3529), Fositek (6805), Auras (3324) and Gold Circuit Electronics (2368) rose more than 5% intraday. Chifa Investment Advisory analyst Guo Xianzheng noted the rally in thousand-yuan stocks was driven by the U.S. rebound and inflows into previously corrected high-priced shares. However, MediaTek, Delta Electronics, Largan Precision and thermal-management stocks remain divergent, so chasing highs is not advisable. He singled out Genius Electronic Optical as relatively strong during the market pullback, with its optics business and advanced-packaging layout worth watching; with the short-term limit-up, investors could wait for a pullback to the 5-day moving average before reassessing.