US Stocks Drive Asian Rebound, Taiwan Closes at 47035點
US stocks rebounded, with the Philadelphia Semiconductor Index rising 3.6%, spurring Korean stocks to surge 6.6%, while Taiwan stocks rose as much as 964點 intraday and closed up 939點, up 2.04%, at 47035點, with turnover of 7232億元. On chips, foreign investors turned from selling to buying, with net buying of 159億元, securities investment trusts net buying 118億元, and dealers net buying 24億元.
Heavyweights Lead, Semiconductor ETFs Shine
台積電 rose 1%, 聯發科 surged 6.9%, 台達電 rose 2.6%, 南亞 jumped 7.2%, 華碩 rose 2.1%, 金像電, 創意 and 精測 hit limit-up, and stock king 信驊 rebounded strongly by 7.9%, all strong market indicators. As of 10月28日, among semiconductor ETFs, 台新臺灣IC設計ETF00947's largest holding was 創意 at 11.68%, while most others held 台積電 as the largest holding. Over the past 1 year, 00947 led with a gain of 131.86%, while over 3 years 台新臺灣半導體3000904 led with a 282.84% total return including dividends.
Institutions Cite AI Demand and Election Seasonality Support
台新00904, 00947 manager 黃鈺民 said prior sector weakness was mainly due to higher US Treasury yields, but with strong US tech earnings, continued robust 2027年業績 outlook, Tesla CEO 馬斯克 optimistic about robot mass production driving memory demand, and 台積電法說 confirming strong chip demand, the short term will focus on AI capital expenditure, memory demand and corporate earnings. 11月 will bring US midterm elections and Taiwan local elections, and historical experience shows a higher probability of gains before elections, advising buying semiconductor industry ETFs or IC design ETFs in batches as 台積電 stabilizes near the half-year moving average. 凱基優選高股息3000915 research team said with the Federal Reserve meeting approaching, interest rates are expected to stay high, but with strong AI supply chain demand and funding momentum, Taiwan stocks rank among the global leaders in liquidity and growth, though high valuations need earnings and financial strength to support, advising diversification and staged positioning through ETFs.
Cybersecurity Vulnerabilities in Focus, 00875 Hits New High Against Trend
As Taiwan stocks stopped falling and rebounded, several ETFs have already hit new closing highs against the trend, including 國泰網路資安00875, 期街口S&P布蘭特油正200715L and 期元大S&P石油00642U. PHP recently saw two major vulnerabilities, CVE-2026-109618 and CVE-2026-109619, both with risk scores of 9.2分, classified as extremely severe. 國泰網路資安ETF manager 沈廷陽 said cybersecurity risks have already impacted website operations, financial transactions and customer trust, enterprises need real-time defense and continuous monitoring capabilities, and AI is also accelerating vulnerability identification, making offense and defense more complex. 00875 tracks the Nasdaq ISE Global Cyber Security Index, uses a no-distribution design, and as of 10月21日 its components included Cloudflare, Akamai, Fortinet, Qualys, Tenable and Palo Alto Networks.
Positive Earnings Outlook, ETF Beneficiaries Hit New High
安聯台灣智慧基金 manager 陳思銘 estimates 2026與2027年 Taiwan corporate earnings growth rates will reach 84% and 35% respectively, with valuations still reasonable. 統一投信 manager 楊雪幸 reminded that the short term is disturbed by US bond yields, inflation and geopolitics, but Taiwan economic growth exceeds 11%, listed company profits continue to be revised upward, and the long-term bull market remains unchanged. 安聯亞洲半導體主動式ETF manager 蕭惠中 advised watching CSP capital expenditure, HBM4 shipment progress and advanced-process equipment demand. According to 集保 statistics as of 10月22日, Taiwan ETFs reached a record 95檔, with beneficiaries up 32.9萬人 on the week to 1958萬110人, up 740萬6620人 this year. 群益 manager 許育誌 advised focusing on strong leading stocks, AI trend stocks and future leaders, while manager 謝明志 remains optimistic on advanced processes, semiconductor equipment and communications groups.