Passive Components, LEO Satellites Surge as TAIEX Narrows Mid-day Losses to 400 Points

AI Summary (NQ-processed)

Amid inflation fears sparked by unresolved US-Iran tensions and rising international oil prices, the Taiwan stock market plunged by over 1,000 points in early trading on the 18th. However, the market reversed course mid-day, with heavyweight stocks like MediaTek and Foxconn rallying. Passive component stocks (Yageo, Walsin) and low-earth orbit (LEO) satellite concept stocks (WUS, WNC, etc.) showed exceptional strength, with many hitting their limit up. This rally helped the TAIEX narrow its losses to around 400 points, indicating that funds are chasing specific thematic stocks despite overall market turmoil. The market is now looking ahead to the Fed's interest rate outlook and Nvidia's earnings report.