U.S. Gains Lift Taiwan Stocks Higher, Index Oscillates Near Quarterly Line
After the Retrocession Day holiday, on the 27th Taiwan stocks, driven by broad closing gains in U.S. stocks, opened with the weighted index up 169.77 points, successfully standing above the quarterly line. With heavyweight TSMC rising to show support, market confidence remained slightly weak, and the index mostly consolidated in a tug-of-war near the quarterly line. As of 37 minutes past, the index was up over 332 points. The top three gaining sectors were autos, plastics, and electrical cables. The OTC market index opened up 2.19 points, also showing choppy consolidation, up over 3 points as of 38 minutes past. In U.S. stocks, inspired by AI software company Anthropic formally filing for IPO, enthusiasm for AI stocks was reignited, driving a tech rebound, with all four major indices closing higher.
Memory Stocks All Turn Higher, PSMC Leads in Volume
After the open on the 27th, the memory group became the brightest-performing group, with all stocks turning higher and becoming the focus of market funds. Among them, PSMC (6770) extended last week's gains, opening with volume for a third straight rise, opening higher and moving up in oscillation, climbing to 70.2 yuan at 7 minutes past, up 3.8 yuan, a gain of 5.7%, then pulling back slightly but still consolidating in a narrow range around 4%. As of 46 minutes past, trading volume had surged to over 64,700 lots, the highest in the group. Fellow DRAM stock Nanya (2408) opened higher and moved higher, maintaining a gain of over 6% to lead the group, while Winbond (2344) ranked second with a gain of about 4.5%.
Record Revenue and Continued Shortage Optimism, Short-Term Trading Along 10-Day Moving Average
The Money Weekly investment research department pointed out that AI demand for memory remains strong, with shortages estimated to continue into 2027 and contract prices continuing to be raised, and the market remains optimistic about revenue and profit growth for DRAM stocks in the fourth quarter. According to PSMC's self-reported September consolidated revenue of 7.665 billion yuan, up 9.36% month-on-month and 94% year-on-year, a record high, and double growth for 7 consecutive months; cumulative revenue for the first 3 quarters was 52.21 billion yuan, up 52.5% year-on-year, the second-highest in history, increasing for 3 consecutive years. In terms of chips, as of the close on the 22nd, foreign investors and major market players had both bought сверх for 2 consecutive days, with 4171 lots and 5712 lots respectively, investment trusts had bought сверх for 4 consecutive days totaling 20896 lots, while dealers sold сверх 419 lots on the day. Based on PSMC's intraday price of 69.5 yuan on the 27th, except for being below the monthly moving average, it stood above all other moving averages, with the divergence rate from the 5-day to monthly moving averages in a slightly low range of 2.1% to -4.9%, and the current price at the edge of a low level; in the short term, it can be traded back and forth near the 10-day moving average.