Night Session Surges 600 Points on ADR-led Rebound
As US-listed 台積電 ADR surged nearly 2%, the Taiwan stock night session index staged a strong rebound, surging about 600 points. Market rumors say leading foundry 台積電 is preparing a new round of price adjustments, and with continued inflows of domestic funds, bullish confidence has stabilized. Financial expert 葉育碩 said this rally ultimately still relies on 台積電 and Taiwanese money, and frequent positive news has also provided support for the bulls.
11 Straight Days of Buying by Investment Trusts, ETF Flows Provide Support
On the chips front, investment trusts posted a single-day net buying of 236.45億元, marking 11 consecutive trading days of net buying, with cumulative net buying reaching 1799.69億元. 葉育碩 analyzed that the investment trust momentum mainly comes from strong subscriptions of Taiwan stock ETFs by domestic investors, who hand funds to fund managers for allocation through regular fixed-amount investments or large subscriptions. Compared with retail investors acting alone, the pooled funds are considerable in scale. He described the fourth legal person as really very rich, becoming an important force against foreign selling pressure.
CoWoS Rumored Price Hike as Capacity Continues to Expand
On the industry front, according to industry insiders, 台積電 and its packaging and testing partners are preparing a new round of price adjustments, with the strongly demanded CoWoS advanced packaging quotation possibly raised by 10% to 20%. Driven by AI chip demand, downstream tech giants are even rumored to be willing to place orders as long as delivery schedules can be secured. Analysts estimate that 台積電 2026 CoWoS monthly capacity is expected to exceed 13萬片, and in 2027 could rise to 20萬片, reflecting AI demand driving orders and supply chain bargaining power.
Outlook Focuses on Expectations and Risks
葉育碩 stressed that the current price hike range remains information disclosed by industry insiders, with actual implementation details still to be finally confirmed, but share prices often react in advance to future expectations. From advanced packaging capacity plans to the funding momentum of consecutive net buying by investment trusts, all show that market willingness for long-term allocation to the AI industry and Taiwan stocks remains. He noted that for Taiwan stocks to move forward steadily, 台積電 still needs to provide support, and the sharp rise in the night session also gives bullish investors a breather. Investments must still carefully assess risks at one's own responsibility.