Electronics Lead Rebound Above 47K as Volume Hits Periodic Low
The Taiex opened Wednesday at 46402.79 points, up 306.56 points. Led by TSMC, funds flowed into electronics groups and traditional industry heavyweights, with plastics, panels, LEDs, electronic parts, semiconductors, robotics and other sectors strengthening. Gains expanded in the afternoon, with the session high reaching 47060.46 points, up 964.23 points, reclaiming the 5-day moving average, 10-day moving average and the 47000-point mark. At the close, the weighted index rose 939.35 points or 2.04% to 47035.58 points, with trading volume falling to 7221.35 hundred million NT dollars, a new low since September 16. The OTC index rose 15.41 points or 4.06% to 394.61 points, with trading volume shrinking to 1653.57 hundred million NT dollars.
Plastics and Optoelectronics Lead Gains as Panels and Memory Draw Inflows to Limit-Up
On the sector front, oil, gas and electricity, rubber, food, sports and leisure, paper and autos were among the weakest, while the plastics sector index surged 5.35% and the optoelectronics index jumped 5.11%, ranking as the top leaders. The electronic components sector index rose 4.38% for third place, electrical machinery rose 2.73%, and overall electronics and semiconductor gains both exceeded 2.2%. Panel makers and memory names joined forces with Phison, while PCB fiberglass cloth maker Fulltech Fiber Glass(1815) and machine tool maker Tongtai Machine(4526) both surged to limit-up. AUO(2409) and Innolux(3481) surged 6.28% and 4.76% respectively, Nanya Technology(2408) and Winbond(2344) both soared by more than half a limit-up, Macronix(2337) closed at 103.5 yuan, holding above the 100-yuan mark, and UMC(2303), Powerchip Semiconductor Manufacturing(6770), Nan Ya Plastics(1303), Hon Hai(2317) and Kinko Optical(6209) all moved higher, while Techia(4720) pulled back.
Heavyweights Contribute Over 340 Points as Huang Wen-ching Eyes 48000 in November
In terms of individual stock contributions, TSMC(2330) and MediaTek(2454) rose together, jointly lifting the market by more than 340 points, of which TSMC contributed 201.98 points via Zhongtai, ASE Technology Holding(3711) contributed 65 points, Nan Ya Plastics(1303) contributed 56.38 points, Nanya Technology(2408) contributed 41.42 points, and Global Unichip(3443), Delta Electronics(2308) and Taiwan Union Technology(2383) each contributed more than 30 points. In contrast, Formosa Petrochemical(6505) dragged the index by 8.56 points, the most, while E.SUN Financial(2884), Mega Financial(2886), CTBC Financial(2891), Fubon Financial(2881), Hua Nan Financial(2880), Chunghwa Telecom(2412) and Hotai Motor(2207) also weighed on the index, with Chunghwa Telecom and Hotai Motor dragging by 3.55 points and 2.67 points respectively. Taishin Investment Advisory CEO Huang Wen-ching said the Taiex has ended its downside risk and entered a stabilizing state, with a chance to recover to the 48000 level in November and even potentially challenge the 4900-point and even 25000-point marks before year-end. Strategy remains focused on AI and electronics groups, with financial stocks still offering rotation opportunities.