US Stocks Close Higher, Driving Asian Stocks Rebound
US stocks on 10月26日 closed broadly higher, driven by falling international oil prices and a rebound in semiconductor stocks. The S&P 500 and Nasdaq ended two consecutive weeks of declines, helping improve investment sentiment in Asian stock markets. Japanese stocks rebounded strongly, rising by over 1,000 points, while Korean stocks also rose nearly 4%.
Taiwan Stocks Open Higher After Holiday, Once Up Over 500 Points
After a 4-day holiday for typhoon and 光復節, Taiwan stocks on 10月27日 opened higher, with the weighted index once rising over 500 points to around 46,563.86點. The market is watching whether the US tech stock rebound can further help Taiwan stocks stabilize. On the previous trading day, 上週四22日 the weighted index plunged 846.34點, down 1.81%, closing at 46,041.43點, falling below the quarterly moving average, with turnover reaching 8,792億元.
台積電 Leads as Electronics Stocks Diverge
Among heavyweight stocks, 台積電 rose 20元 to 2,405元, becoming a key support indicator for the market. Panel makers, passive components, and memory stocks also strengthened, with 南亞科 surging about 7% and 力積電 rising nearly 5%, reflecting returning buying in some electronics stocks. However, some stocks remained weak, with 台達電 continuing to fall to 1,525元, and 聯發科 falling below the 4,000元 level to 3,955元, showing divergence among electronics heavyweights.
Analysts Focus on Quarterly Moving Average and Foreign Investor Selling Pressure
Moore Investment Advisor analyst 林漢偉 noted that Taiwan stocks today face make-up selling pressure after the holiday, having to reflect international market volatility during the market closure. As international markets continued to fluctuate during the holiday, foreign investor selling pressure on electronics heavyweights remains an important factor affecting the trend. Small and mid-cap stocks also performed divergently, and the market has not yet shown a full stabilization signal. However, the strong rebound in US tech stocks on Monday, with the Philadelphia Semiconductor Index surging 2.82%, plus Taiwan index futures in night trading turning from down to up, added support for the Taiwan stock open.
Control Positions and Replace Weak Holdings for Now
林漢偉 said today's focus is whether 台積電 can play a stabilizing role and lead the market to hold the quarterly moving average, while watching whether foreign investor selling pressure eases and whether the OTC index can stop falling. In terms of strategy, investors should not rush to chase a rebound at this stage, should control position levels, and adopt a strategy of汰弱留強. Only if 台積電 can hold key support, the OTC index stops falling, and foreign investor selling pressure eases, will Taiwan stocks have a chance to gradually complete bottoming. US stocks closed on Monday with the Dow up 146.42點 at 52,361.58點, up 0.28%, the Nasdaq up 214.04點 at 26,169.38點, up 0.83%, the S&P 500 up 53.09點 at 7,676.77點, up 0.70%, and the Philadelphia Semiconductor surging 304.01點 to 11,083.47點.