Taiwan Stock Market Hits New High, Then Turns Down with 686-Point Intraday Fluctuation

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Driven by the AI theme, the Taiwan stock market briefly set a new historical high but then plunged, experiencing a sharp 686-point fluctuation intraday. Major weighted stocks also fell, indicating increased market volatility.

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Driven by the AI theme, the Taiwan stock market briefly set a new historical high but then plunged, experiencing a sharp 686-point fluctuation intraday. Major weighted stocks also fell, indicating increased market volatility.

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Source: https://www.cna.com.tw/news/afe/202605120053.aspx | Date: Date unavailable

Central News Agency (Central News Agency reporter Tseng Jen-kai, Taipei, 12th) Driven by the continuous fervor for AI, the Taiwan stock market continued its strong opening today, with the index soaring to 42157.65 points in early trading, surpassing the intraday historical high of 42157.65 points set last Thursday, marking a new high for Taiwan stocks. However, after hitting the peak, the index experienced severe fluctuations, turning negative at one point, with a high-low swing of 686 points. As of 10:30 AM, the weighted index of the main board rose slightly by 17.74 points to 41807.8 points, with a turnover of approximately NT$753.9 billion. Regarding the performance of weighted stocks, TSMC fell by a maximum of NT$25 to NT$2210; Delta Electronics once fell by NT$55 to NT$2190; MediaTek fell by a maximum of NT$130 to NT$3750; Hon Hai fell by a maximum of NT$6 to NT$246. The popular active Taiwan stock ETF newcomer, Uni-President Active Upgrade 50 (00403A), was listed today. Within about 10 minutes of opening, it saw a massive turnover of millions of shares, with its intraday stock price soaring to NT$10.96, an increase of 7.45%, reigniting the Taiwan stock investment craze. Nomura Asset Management analyzed that driven by the rapid expansion of AI application demand, the Taiwan stock market has maintained a strong trend recently, with market funds focusing on rotation among fundamentally sound blue-chip stocks. Lou Ke-wang, Deputy General Manager of Nomura Asset Management's Investment Strategy Department, believes that the bullish structure of the Taiwan stock market can continue, driven by corporate profit growth and industry trends; however, with the index at a high level, market volatility has increased. Lou Ke-wang reminded that international political and economic situations still have variables, especially the unresolved geopolitical risks in the Middle East. Investors need to pay attention to whether medium-term inflation expectations will be pressured if o

Taiwan Stock Market Hits New High, Then Turns Down with 686-Point Intraday Fluctuation

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