Reported 8 months ago
Taiwan's stock market initially dropped over 300 points on the 25th but made a slight recovery at closing, continuing its upward trend on the 26th. With TSMC's strong performance and Apple concept stocks rebounding, Largan Precision reassumed its leading position, while Delta Electronics' market value surpassed a trillion for the first time, pushing the weighted index to end with a 62-point gain at 22,875 points. The market opened with a significant surge of over 100 points on the 26th. While Nvidia rebounded by over 6% on the 25th after days of selling pressure, the major US indices showed mixed movements. Market experts believe the recent market rebound signals a possible short-term recovery, but the rotation between electronic heavyweight stocks and small to mid-cap stocks continues, maintaining the market's consolidation pattern. Strong outlooks for Apple's AI iPhone upgrade cycle have foreign and domestic investors optimistic about Foxconn's performance in the second half of the year, with stock prices briefly exceeding 215.5 NTD on the 26th. Largan Precision, also a beneficiary of Apple concept stocks, rose by 4.41% on the 25th to 2,720 NTD, reclaiming the top position, and surged again to 2,805 NTD on the 26th. Delta Electronics hit a record high of 391.5 NTD during trading and closed at 387 NTD, breaking the trillion-market value threshold at 1.01 trillion NTD, and briefly surged to 392.5 NTD on the 26th, currently ranking sixth in market value on the Taiwan Stock Market. The six trillion-market value stocks include TSMC, Foxconn, MediaTek, Quanta, Fubon Electric, and Delta Electronics.
Source: YAHOO