Index Opens Higher and Reclaims 47000
Taiwan stocks staged a strong rebound on the 28th, with the weighted index opening at 46402.79 points before sustained buying pushed it to an intraday high of 47060.46 points. It closed up 939.35 points, or 2.04%, at 47035.58 points, retaking the 47000 level and finishing near the session high. Turnover was about NT$723.296 billion, down from NT$978.3 billion the previous day, with a combined 1313 listed companies advancing and 489 declining, including 63 limit-up and only 2 limit-down stocks, showing funds spreading across multiple electronics and traditional industry groups.
Three Major Institutions Post Combined NT$29.895 Billion in Net Buying
Chip sentiment turned positive, with all three major institutional investors on the buy side for combined net buying of NT$29.895 billion. Foreign investors ended a 2-session selling streak with net buying of NT$15.922 billion; investment trusts continued to add positions with NT$11.807 billion in net buying, marking a 12th consecutive trading day of net buying; and dealers also turned from sellers to buyers with combined net buying of NT$2.165 billion. In the futures market, foreign investors cut net short positions in Taiwan index futures by another 1126 contracts to 84917 contracts, with short positions shrinking, though the total remains above 84,000 contracts.
PCB Electronic Materials and Panels Lead Gains
PCB, fiberglass cloth and electronic materials groups stayed active, with Fu-Chiao closing at the limit-up price of NT$144, up 9.92%, on volume of 75,800 lots; Tongtai, focused on AI server boards and carrier drilling equipment, also hit the limit-up price of NT$49.65, up 9.97%, on volume of about 73,900 lots. Nan Ya Plastics closed at NT$319, up sharply by 7.23%, with turnover reaching NT$27.708 billion; Taiwan Glass closed at NT$65.6, up 0.61%, on volume of about 125,000 lots, after rallying to NT$68.4 in early trading before gains narrowed, showing some stocks still facing profit-taking pressure.
Foundries Join Rebound as Volume Bears Watching
The panel pair strengthened in tandem, with AUO closing at NT$35.55, up sharply by 6.28%, on volume of over 250,000 lots; Innolux rose 4.76% to close at NT$48.45 on volume of about 79,600 lots. Foundry stocks also joined the rebound, with UMC closing at NT$128, up 4.49%; PSMC closing at NT$71.3, up 2.74%, on volume of 162,900 lots; and memory stock Macronix closing at NT$103.5, up slightly by 0.49%, after touching an intraday high of NT$107.5. Overall market risk appetite recovered, though whether the rally can continue will depend on trading volume, foreign investor moves and heavyweight stock performance.