U.S. Stocks Rise for Two Straight Days as AI Funds Flow Back
All four major U.S. indexes closed higher for two consecutive days, as AI-related buying returned and market risk appetite recovered. The Philadelphia Semiconductor Index surged 3.6%, leading the four major indexes, with Broadcom up 4% and AMD soaring 5.45%. Among large-cap tech stocks, Tesla rose 4.04% and Nvidia gained 0.9%. Analyst Lin Han-wei noted that bullish momentum related to the Anthropic IPO continued to build, while a pullback in international oil prices helped U.S. stocks open high and move higher. Two straight days of sharp gains in the Philadelphia Semiconductor Index show funds flowing back into AI semiconductors, with the short-term stabilizing signal for tech stocks becoming clearer.
Taiex Night Futures Jump as TSMC Battles to Hold Quarterly Line
On the macro front, the U.S. dollar rebounded, U.S. Treasury yields were flat, and international oil prices broadly declined, favoring a continued rebound for equities. Taiex futures in the night session jumped 774 points, up 1.68%, while TSMC ADR rose 3.03%, breaking above quarterly moving average resistance. TSMC futures in the night session rose 42 to 2438, standing above quarterly moving average resistance. Lin Han-wei said that although foreign investors remained net sellers in spot trading, electronics heavyweights are expected to continue stabilizing. For trading on the 28th, the focus will be on whether TSMC can lead the index past last Thursday's high, and on follow-through buying in memory, silicon photonics and AI server groups.
Memory and Silicon Photonics Warm Up, Focus on Follow-Through Buying
On the non-tech and thematic side, robotics stocks including Tongtai, Mirle, Solomon and Hiwin Mikrosystem turned stronger; panel and packaging-related AUO, Chi Mei Materials, BenQ Materials and Yang Cheng saw thematic rotation; low-earth-orbit satellite plays focused on Compeq, UMT, Wistron NeWeb and WIN Semiconductors; optics names Largan Precision, Genius Electronic Optical, Kinko Optical and Ability Enterprise rotated higher; AI power-related TSEC, Gintech, Panjit and Taiwan Semiconductor await confirmation of buying continuity.
In electronics, substrates focused on Unimicron, Kinsus, Zhen Ding-KY and Nan Ya PCB generally rebounded; PCB names included ITEQ, Gold Circuit Electronics, Co-Tech and Topoint, with the 5-day moving average in focus ahead; investment-trust supported stocks were Chipbond, Jarllytec, KYEC and Fulltech Fiber Glass; memory names Nanya Technology, Winbond, Powerchip and Macronix saw buying return; passive components in focus were SinCera, Holy Stone, Walsin Technology and Yageo; IC design included ESMT, Etron, AP Memory and Nuvoton; silicon photonics LandMark, LuxNet, Ezconn-KY and Lightek stabilized and rebounded; AI servers Wistron, Wiwynn, AVC and King Slide attracted institutional bargain buying; software names included TungJie Information, Sysage, Smart Link Services and Chingtai.