Taiwan stocks on 27日 face catch-up decline pressure after the holiday, reflecting volatility in global markets during the break, with electronics heavyweights affected by foreign-investor selling and small- and mid-cap stocks diverging markedly. Analyst 林漢偉 said the key focus is whether 台積電 can lead the broader market to hold the quarterly line, with FTSE Taiwan Index futures in the night session cumulatively turning from down to up, helping ease catch-up decline pressure.
US Rebound Revives AI Confidence
US stocks closed higher across the four major indexes on 週一, with AI investment confidence recovering, led by the PHLX Semiconductor Index, which rose 2.82% to lead the four major indexes. Reports that Anthropic has formally filed for IPO reignited investor confidence in AI infrastructure, with semiconductor and AI-related stocks rebounding strongly. Among individual stocks, Coherent rose 5.83%, Intel rose 4.04%, Tesla rose 5.23%, and Nvidia rose 2.39%, lifting the indexes to close in positive territory.
Macro Signals Ease Catch-Up Decline Pressure
On the macro front, the US dollar rebounded, US Treasury yields declined, and international oil prices generally pulled back. 台積電 ADR rose 1.4%, reclaiming the 5-day line, which favors stabilization in electronics heavyweights. However, 林漢偉 cautioned that Taiwan stocks still need to digest volatility accumulated during the holiday, and the sharp US rally should not be taken directly as a broad bottom. 台積電 futures in the night session fell 25元 to 2365元, becoming the key indicator for the quarterly-line defense.
Sector Divergence Puts Focus on Institutional Flows
By sector, low-earth-orbit satellite stocks 華通, 昇達科, 啟碁, and 穩懋 consolidated in a volatile range, while robotics stocks 東台, 協易機, 廣宇, and Dahin Micro bucked the trend higher, and optical lens stocks 大立光, 玉晶光, 今國光, and 佳能 consolidated. Within electronics, memory stocks 南亞科, 華邦電, 力積電, and 群聯 were relatively resilient, AI server stocks 緯創, 緯穎, 奇鋐, and 川湖 faced institutional selling, software stocks 東捷資訊, 華經, 驊宏資, and 晉泰 benefited from positive news, while substrates, PCB, passive components, and silicon photonics mostly consolidated, with focus ahead on institutional flows and low-level support.