Index Opens Lower and Falls Below 47000
Taiwan's Weighted Index opened lower and moved lower on the 29th, retaking the 47000 mark for only one day before losing it again, closing at 46368.33 points, down 667.25 points or 1.42%, with turnover reaching 7891.52 hundred million yuan. Declines were most concentrated in the optoelectronics group, with most stocks closing lower, as wait-and-see sentiment grew and the overall weak pattern was clear.
Panel Trio All Close Lower
The panel trio weakened together, with AUO closing at 34.05 yuan, down 4.22%, Innolux closing at 46 yuan, down 5.06%, and HannStar Display closing at 13.9 yuan, down 2.8%. The three major panel makers fell between 2% and 5%, showing heavy selling pressure in large optoelectronics heavyweights, dragging down the whole group, with almost no rebound momentum during the session.
Optics Group Hit Hardest
The optics group was the hardest-hit area today, with Largan Precision falling 520 yuan to close at 5815 yuan, down 8.21%. Genius Electronic Optical ended its prior 4 straight gains and plunged to limit down, closing at 1200 yuan. Kinko Optical closed at 93.6 yuan, down 7.33%, Chung Young Optical closed at 54.2 yuan, down 6.39%, and Young Optics closed at 67.0 yuan, down 5.5%. Among other optoelectronics stocks, Para Light closed at 38.30 yuan, down 6.59%, Zemi closed at 58.9 yuan, down 6.36%, Cheng Da closed at 68.8 yuan, down 5.1%, TPK-KY closed at 71.5 yuan, down 4.67%, Harvatek closed at 35.50 yuan, down 4.83%, Calin closed at 36.25 yuan, down 4.73%, GIS-KY closed at 102.5 yuan, down 4.65%, Youcheng Precision closed at 77.8 yuan, down 4.07%, and Jingcai Technology, Taiwan SMT and Grand Mate all fell more than 3%.
Resilient Stocks Hold Up the Market
There were still stocks rising against the trend, with Dingyuan and Jixiangquan surging more than 6% against the headwind, and Guanxi Electric closing at 322 yuan, rising for 5 consecutive trading days with a cumulative gain of 42.48%, continuing to set new record highs. Overall, gainers were few and losers many in the optoelectronics group, and the short-term trend will continue to track the broader market. Investors should make independent judgments, carefully evaluate risks and bear their own investment risks.