Electronics Weak, Financials Hit Record High; Taiwan Stocks Fall 606 Points, Weekly Line Posts 3rd Consecutive Gain

AI Summary (NQ-processed)

Taiwan stocks pulled back and fluctuated on the 5th, plunging as much as 1,467 points in early trade before buying rotated into financial, optical, and passive component sectors, lifting the index by over 1,200 points. After noon, heavyweights like TSMC weakened, and the market closed down 606.52 points at 45,070.94, a loss of 1.33%, holding above the 45,000-point mark. The financial sub-index hit an all-time high during the session and closed at a record high as well. The TAIEX gained 338 points for the week, marking a third consecutive weekly gain. Analysts noted that with COMPUTEX concluded, the market is entering a consolidation phase after its recent rally.

AI Analysis