Broad Market Opens Lower With Expanding Volume
Facing mixed earnings from US tech giants and market doubts about returns on infrastructure investment, Taiwan stocks corrected after a strong rebound the previous day. On Thursday the 29th, the TAIEX opened lower and moved lower, closing down 667.25 points, or 1.42%, at 46368.33, with turnover expanding to 8213.76 hundred million New Taiwan dollars; the OTC index weakened in tandem, falling 7.24 points to close at 387.37. The three institutional investors posted combined net buying of 324.42 hundred million New Taiwan dollars, with foreign investors and investment trusts both on the buy side, showing funds actively taking positions despite adjustment selling pressure.
Electronics Heavyweights Under Pressure, Financials and Biotech Support Market
By capital flow, the electronics sector turnover share edged up to 80.46%, but weighed by post-market weakness in Alphabet and results from Samsung, electronics heavyweights faced heavy selling pressure. Market leader TSMC (2330) fell 0.41%, while MediaTek (2454) and Delta Electronics (2308) fell more sharply, dragging the broad market by 91.98 points and 54.85 points respectively; optoelectronics and computer peripheral names such as Genius Electronic Optical (3406) and Largan Precision (3008) also faced selling pressure and were major drags on the index.
In contrast, defensive financial and insurance stocks rose 1.05% against the trend, with First Financial Holding (2892) surging 3.86% as a key market support; biotech and healthcare stocks were also relatively resilient, with Dajia (2221) and SciVision (1786) jumping 10% and 9.91% respectively, showing concentrated capital inflows. As electronics heavyweights paused, defensive sectors stabilized the market.
Brokerages Name High-Potential-Return Targets
Amid the volatile consolidation, domestic institutional research reports on listed companies identified a number of focus stocks with high potential returns. In brokerage recommendations over the past five days, networking leader Accton (2345) closed at 1755 yuan, with an average target price as high as 3500 yuan and potential return of 99.4%, drawing the most attention; equipment maker Hongjing (7769) closed at 5190 yuan, with a target price of 8925 yuan and potential return of 72.0%; thermal solutions indicator Asia Vital Components (3017) closed at 3105 yuan, with a target price of 5200 yuan and potential return of 67.5%. In addition, IC test house WinWay (6515) has a target price of up to 7500 yuan with potential return of 61.1%, Delta Electronics (2308) has a target price of 2325 yuan with potential return of 57.1%, and CCL leader Elite Material (2383) and LandMark (3081) all have fundamental support. Institutional advice suggests investors can use the short-term technical repair to select high-consensus targets and capture a subsequent rebound through staged positioning.