TAIEX Plunges 683 Points in Early Trading
The TAIEX opened down 20.71 points at 47014.87 on the 29th, with losses widening in early trading. By as of 9:55 AM, it was provisionally reported at 46351.95, down 683.63 points, or 1.45%. AI-related stocks saw few gainers intraday, with multiple heavyweights and concept stocks weakening together as selling pressure returned.
Delta Electronics First-Three-Quarters EPS Hits Record High
Power supply leader Delta Electronics reported third-quarter results on the 28th, with after-tax net profit of 23.495 billion, down 6.53% QoQ and up 26.28% YoY, still hitting the second-highest quarterly record, with EPS of 9.04; cumulative after-tax net profit for the first three quarters was 69.186 billion, up 61.71% YoY, with EPS of 26.64, both record highs. Delta Electronics will hold an investor conference this afternoon, with the market closely watching the fourth-quarter outlook to be released. Shares were under pressure today, provisionally reported at 1460, down 90, or 5.81%.
Parade-KY Conservative Outlook Weighs on Shares
High-speed transmission chip maker Parade-KY held an online investor conference yesterday. The company said that as the notebook computer market has been affected by price hikes for DRAM and other components, consumer demand has cooled significantly, with third-quarter after-tax net profit of 591 million, down about 0.3% QoQ, and EPS of 7.69; cumulative after-tax net profit for the first 3 quarters was 1.714 billion, down 21.46% YoY, with EPS of 22.02. Chairman Jie Zhao said that in response to higher costs from rising prices for DRAM and other components, notebooks have already raised prices and consumers are showing significantly weaker willingness to buy, so fourth-quarter revenue is expected to decline 20% to 27% QoQ, with a conservative outlook. With the broader market selling off again today, shares were provisionally reported at 493, down sharply by 6.10%.
Multiple AI Stocks Fall Over 3%
According to Yahoo stock market data, AI-related stocks falling over 3% include King Yuan Electronics down 3.06%, Unimicron down 3.18%, Browave down 3.34%, G-Tech down 3.40%, M31 down 3.54%, Airoha down 3.61%, Global Unichip down 3.73%, ASUS down 3.85%, Inventec down 3.92%, ShunSin-KY down 3.94%, King Slide down 4.29%, BizLink-KY down 4.42%, Gold Circuit Electronics down 4.64%, MSI down 4.75%, eCloudvalley down 4.77%, Heya Intelligence down 5.09%, Gigabyte down 5.10%, ADLINK down 5.29%, WinWay down 5.37%, Delta Electronics down 5.81%, Parade-KY down 6.10%, and AMAX-KY down 6.62%.