U.S. Stocks Rise, Igniting AI Theme
U.S. stocks moved higher on Monday, with all four major indexes closing in positive territory. Claude developer Anthropic publicly filed for an initial IPO, planning to list on Nasdaq under the ticker "ANT," reigniting market enthusiasm for artificial intelligence investment, injecting confidence into the recently pressured AI theme and leading semiconductor stocks higher. Among them, the Philadelphia Semiconductor Index rose 304.01 points, or 2.82%, to 11,083.47; the Dow Jones Industrial Average rose 146.42 points, or 0.28%, to 52,361.58; the Nasdaq Composite rose 214.04 points, or 0.83%, to 26,169.38; and the S&P 500 rose 53.09 points, or 0.70%, to 7,676.77.
Asian Stocks Rebound as Taiwan Stocks Open Higher
Led by U.S. stocks, Asian stock markets opened strongly today (27th), with South Korean stocks opening higher and surging nearly 4%, advancing toward 5,700 points, and Japanese stocks opening higher, up over 1,000 points. Taipei stocks opened today up 169.77 points at 46,211.2 points, then extended gains, at one point rising over 400 points. As the broader market opened higher, small and mid-cap stocks rose in tandem, with the OTC index opening up 2.19 points at 383.88 points.
Mixed Heavyweights Show Divergent Market Breadth
Most heavyweight stocks moved higher, with bellwether TSMC opening down NT$5 at NT$2,380, but then turning higher. MediaTek opened up NT$25 at NT$4,035; Delta Electronics opened down NT$25 at NT$1,535. Today's strong high-volume stocks at the open were AUO, Taiwan Glass, Powerchip, Innolux, TSMC; weak high-volume stocks at the open were UMC, Fuqiao, Flexium, E.SUN Financial, ASE Technology Holding, showing divergence between bulls and bears.
In addition, the U.S. Federal Reserve will announce its interest rate decision on Wednesday. Federal funds futures show the market estimates about a 90% probability of rates staying in the 3.75% to 4% range, and Chair Warsh's remarks on inflation and subsequent rate hikes will be the market focus.