Index Opens Lower and Moves Lower, Once Down Over 800 Points
Weighed down by declines in U.S. technology and AI-related stocks, Taiwan stocks opened sharply lower today (2nd), falling to a low of 44399.10 points, down 812.73 points. As of around 11:24, the index was at 44941.5 points, down 270.33 points, or about 0.6%, failing to retake the 45000-point level. Small and mid-cap stocks fell in tandem, with the over-the-counter index opening down 2.04 points to 368.22 points, and currently at 369.64 points, down 0.17%. The top ten by trading volume were AUO, Yuanta Taiwan 50, Innolux, UMC, Nan Ya, PSMC, Taiwan Glass, Winbond, Qisda, GIS-KY; in intraday trading, 4 stocks including Taiduan hit limit-down, while 30 stocks including Huajing hit limit-up.
TSMC Volatile as MediaTek and Hon Hai Turn Positive
Heavyweight stocks diverged. TSMC opened down 60 yuan to 2310 yuan, then narrowed its decline, fluctuating around 2335 yuan. Delta Electronics opened down 80 yuan to 1255 yuan, once turned positive to 1345 yuan, and is currently at 1320 yuan, down 15 yuan. High-priced stock Global Unichip dropped nearly 300 yuan, currently at 7340 yuan. MediaTek regained momentum after opening down 125 yuan, currently at 3975 yuan, up 60 yuan; Hon Hai fell to a low of 242.5 yuan after the open, then quickly turned positive, currently at 252 yuan, up 6.5 yuan; ASE Technology Holding opened at 655 yuan, down 13 yuan, turned positive after around ten o'clock, rising 9 yuan to 677 yuan.
Formosa Plastics Group Strengthens, Financial Stocks Mostly Slightly Lower
Formosa Plastics Group stocks were relatively strong, all in positive territory. Formosa Petrochemical turned from negative to positive, rising nearly half a limit-up, currently at 103 yuan; Nan Ya also turned positive, up 2% to 302 yuan; Nanya Technology fluctuated around the flat line. Financial stocks mostly edged lower today, with CTBC Financial down 0.92%, Fubon Financial down 0.93%, Cathay Financial down 0.43%, and Taishin Shin Kong Financial down 0.95%. Overall, as the broader market opened lower, MediaTek, Hon Hai, Formosa Petrochemical and others turned from negative to positive, supporting the market against the trend.
Index Remains in Low-Level Consolidation, Watch Risks
As of 11:24, the index was still down more than 200 points, remaining in low-level consolidation, unable to climb back above 45000 points. The market was supported by positive-turning stocks such as MediaTek, Hon Hai, and Nan Ya, while small and mid-cap stocks remained weak. All investments carry risks, with potential gains and losses. Before subscribing, investors should read the prospectus carefully, and learning correct investment concepts can minimize the risk of losses.