AI Stocks Drive Gains
Taiwan Stocks Surge 538 Points Following Strong Global Technology Rally
Anonymous
Key Points
1
The rally followed a mixed U.S. session: the Dow Jones Industrial Average fell 95.40 points, while the Nasdaq Composite rose 104.25 points and the S&P 500 gained 12.74 points.
2
U.S. chip stocks provided additional momentum during a quadruple-witching session: Nvidia rose 1.34%, while TSMC’s American depositary receipts advanced 1.02% to US$434.67.
3
TSMC initially fell to NT$2,445 at the open before reversing higher, an early turnaround that helped restore confidence in the broader electronics rally.
4
ASE Technology Holding was among the strongest major electronics stocks, opening NT$17 higher at NT$655 and reaching NT$666, a 4.39% intraday gain, according to a market-opening report.
5
Investors were also watching the People’s Bank of China’s decision to keep the one-year loan prime rate at 3% for a 16th consecutive month, as well as Taiwan’s August export-orders data due after the close.
Taiwan's stock market surged 538 points to 47,718.84 on September 21, driven by a strong rally in technology shares and artificial-intelligence infrastructure plays BigGo Finance. The Taiex gained 1.14% as heavy trading pushed the index back above the 47,700 level, with semiconductor and electronics stocks leading the charge amid broader optimism across Asia.
U.S. Chip Stocks Power Taiwan's Tech Surge
Taiwan's rally followed strong gains in American semiconductor stocks during a quadruple-witching session Sharecast. Nvidia rose 1.34%, while TSMC's American depositary receipts advanced 1.02% to US$434.67, providing momentum for local investors.
On the ground in Taipei, TSMC initially fell to NT$2,445 at the open before reversing sharply higher. The chip giant ultimately closed up 0.81% at NT$2,480, helping restore confidence in the electronics sector Business Upturn.
MediaTek and Electronics Heavyweights Lead the Charge
Semiconductor designer MediaTek surged 6.37% as investors bet on its AI-related application-specific chip business Trading View. ASE Technology Holding also jumped, opening NT$17 higher at NT$655 and reaching NT$666 for a 4.39% intraday gain.
Delta Electronics and AU Optronics posted sharp gains alongside the semiconductor surge. Electronics stocks accounted for over 40% of the Taiex's gains, though most other sectors advanced moderately Business Upturn.
Mixed U.S. Signals, China Rate Decision in Focus
The U.S. session was mixed: the Dow fell 95.40 points while the Nasdaq climbed 104.25 and the S&P 500 gained 12.74. Despite weakness in traditional stocks, semiconductor strength drove broader momentum into Asian markets Sharecast.
Investors watched China's central bank hold the one-year loan prime rate at 3% for the 16th straight month, a sign of steady policy BigGo Finance. Taiwan's August export-orders data released after market close will provide more clues about regional demand Business Upturn.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
21
Articles
2
Reach
23
A
AnonymousAuthor
