Index Surges 939 Points to Reclaim 47,000
U.S. stocks rebounded, with the Philadelphia Semiconductor Index rising 3.6%, lifting Korean stocks up 6.6%. Taiwan stocks rebounded strongly on the 28th, rising as much as 964 points intraday and closing up 939 points, or 2.04%, at 47,035, with turnover of NT$723.2 billion. Chip sentiment improved, as foreign investors turned from sellers to buyers with net purchases of NT$15.9 billion, while investment trusts bought NT$11.8 billion and dealers bought NT$2.4 billion. Heavyweights led the way, with TSMC up 1%, MediaTek surging 6.9%, Delta Electronics up 2.6%, Nan Ya Plastics soaring 7.2%, ASUS up 2.1%, Gold Circuit Electronics, Global Unichip and Chunghwa Precision Test Tech hitting limit-up, and top-priced stock Aspeed rebounding 7.9%.
Semiconductor ETF Performance Diverges as Managers Eye AI Demand
According to CMoney data as of October 28, among semiconductor ETFs, the Taishin Taiwan IC Design ETF 00947's largest holding is Global Unichip at 11.68%, while most others hold TSMC as their top holding. In terms of performance, 00947 led over the past year with a 131.86% gain, while the Taishin Taiwan Semiconductor 300904 led over 3 years with a 282.84% total return including dividends. Manager Huang Yu-min said earlier semiconductor weakness was mainly due to surging U.S. Treasury yields, and with strong U.S. tech earnings, a solid 2027 outlook, and TSMC's investor conference confirming strong chip demand, the focus in the near term will be on AI capital expenditure, memory demand and corporate earnings. He expects November to bring U.S. midterm elections and Taiwan local elections, with history showing a high probability of pre-election gains, and sees room for a technical rebound once uncertainties clear.
Cybersecurity ETF Hits New High Against the Trend as Managers See Long Bull Intact
Although the broader market has just stopped falling and rebounded, several ETFs have already hit new closing highs against the trend, including the Cathay Nasdaq ISE Global Cyber Security 00875, the Ta Street S&P Brent Oil Bull 2X 00715L and the Yuanta S&P GSCI Crude Oil ER 00642U. PHP has seen two major vulnerabilities, CVE-2026-109618 and CVE-2026-109619, with a risk score of 9.2 critical. Manager Shen Ting-yang noted cybersecurity incidents have already hit operations and trust, requiring a combination of real-time blocking and continuous monitoring. 00875 tracks the Nasdaq ISE Global Cyber Security Index, with holdings including Cloudflare, Akamai, Fortinet, Qualys, Tenable and Palo Alto Networks. Allianz's Chen Si-ming forecasts Taiwan corporate earnings growth of 84% and 35% in 2026 and 2027, while Uni-President's Yang Xue-xing noted Taiwan's economic growth of over 11%, with fundamentals supporting a long-term bull market. According to TDCC data as of October 22, Taiwan stock ETFs reached 95 funds with 19,581,100 beneficiaries, a record high.