Higher Open, Higher Close to Reclaim 47000
Taiwan stocks opened on the 28th up 306.56 points at 46402.79, with bullish momentum continuing as funds flowed into electronics groups and traditional industry heavyweights. Led by 台積電, together with strength in plastics, panels, LED, electronic components, semiconductors and robotics groups, gains expanded during the session, reaching a high of 47060.46, up 964.23 points, and closing near the day's high. The weighted index rose 939.35 points or 2.04% to 47035.58, reclaiming the 5-day line, 10-day line and the 47000 level, but trading volume fell to 7221.35亿元 with a clear contraction in volume. The over-the-counter index also moved higher, up 15.41 points or 4.06% to 394.61, with volume shrinking to 1653.57亿元.
Plastics and Optoelectronics Lead, Financials Soft
Sector rotation was clear. The plastics index surged 5.35% and the optoelectronics index jumped 5.11%, ranking as the top two gainers, while electronic components rose 4.38% in third place. Electrical machinery rose 2.73%, and the overall electronics and semiconductor sectors both gained over 2.2%, showing strength in both heavyweights and small-to-mid caps. Weak groups included oil, gas and electricity, rubber, food, sports and leisure, paper and autos, with financials soft and traditional industries mixed.
Panels and Memory Attract Funds, Two Stocks Hit Limit-Up
Among individual stocks, panel makers and memory names advanced together with 群聯. 友達 rose 6.28% and 群創 rose 4.76% with active trading. In memory, 南亞科 and 華邦電 both surged by more than half a daily limit, while 旺宏 turned from negative to positive after its earnings call, closing at 103.5 yuan and holding above the 100-yuan mark. PCB glass-yarn maker 富喬 and machine-tool maker 東台 both hit the daily limit-up, becoming focal points for inflows. Other active stocks including 聯電, 力積電, 南亞, 鴻海 and 今國光 all closed higher, while 德淵 pulled back lower.
黃文清 Sees 48000 Back in November
In terms of weighted-stock contributions, 台積電 and 聯發科 rose together, lifting the broader market by over 340 points, of which 中台積電 contributed 201.98 points. 日月光投控 contributed 65 points, 南亞 contributed 56.38 points, 南亞科 contributed 41.42 points, and 創意, 台達電 and 台光電 each contributed over 30 points. On the downside, 台塑化 dragged the index by 8.56 points, the largest negative contribution, while 玉山金, 兆豐金, 中信金, 富邦金, 華南金, 中華電 and 和泰車 also weighed on the index. Taishin Investment Advisory CEO 黃文清 said Taiwan stocks have ended the downside risk and entered a stabilizing phase, and is optimistic about another move higher, with a chance to return to the 48000 level in November and potentially move further higher before year-end. He noted continued growth momentum, assessed that the U.S. Federal Reserve is unlikely to raise rates, combined with positive Taiwan and U.S. corporate earnings and outlooks. On strategy, AI and electronics groups remain the focus, with oversold AI-concept stocks having the strongest rebound momentum, while financial stocks, though soft in the short term, still have rotation opportunities.