TSMC Takes Flight: Record-Shattering Surge Sends Stock Soaring to Unprecedented Heights of 23,408 Points
Taiwan Stocks Celebrate as TSMC Turns Red
Updated: 2024/11/7 14:34
Taiwan Stocks Rise as TSMC Turns Red
Taiwan stocks celebrated today as the index turned lower and rose, reaching 23,400 points and ending at 23408.82 points, up 191.44 points or 0.82%, NT $424.802 billion transaction value, above all moving averages.
TSMC, the king of power, with a high of 1075 yuan, closed at 5 yuan, MediaTek closed up 3.5 yuan, flat at 1305 yuan; 5 yuan, Hongjiajun increase it is a strong performance.
Electronic stocks rose 0.89% and financial stocks rose 0.63%, while the OTC index representing small and mid-cap stocks rose 0.94%.
Analysts pointed out that Economic Minister Guo Zhihui said today that TSMC’s 2-nanometer will not be produced in the United States in the future, and the most advanced and original technologies will remain in TSMC today. The stock price is less affected by Trump’s election, which will be announced soon.
Pan-Honhai Group performed well today, Hongzhun daily limit at 95.9 yuan, Zhengwei, Jianhan and Yangcheng closed at 69.5 yuan, 39.85 yuan and 69.3 yuan respectively, Taiyang rose more than 9%; KY rose about 2%.
Trump’s return to the White House boosted stocks of Taiwanese companies to build factories in the US, including Yazio, Formosa Plastics and Huaxin Technology, all of which rose about 3% for US stainless steel channel leader Dacheng Steel. 4%, and automotive concept stock Tiwei West rose more than 4%.