TSMC Contributes to Taiwan’s Stock Market Rise
By [author’s name]
Taiwan’s stock market saw an impressive performance today, thanks to the heavyweight tech company TSMC (2330). During a press conference held this afternoon, TSMC announced positive news that immediately impacted its stock price. The market witnessed a rise of 6 yuan, which played a major role in driving the market’s overall upward movement. Based on detailed calculations, each 1 yuan increase in TSMC’s stock price contributes 8.31 points to the weighted impact index. Therefore, TSMC’s contribution alone accounted for nearly 50 points towards the market’s gain.
Without taking TSMC’s effect into account, the market would have experienced a decline of 38 points. However, with the inclusion of TSMC’s positive impact, the Taiwanese stock market not only avoided this decline but also became the only red market in the global stock market, showing a unique increase of 0.07%. This remarkable performance has earned Taiwan the title of the world’s “strongest” stock market.
Furthermore, TSMC’s financial success continues to impress. The company reported a third-quarter earnings per share (EPS) of 8.14 yuan, surpassing financial forecasts by a significant margin. In the first three quarters of the year, the company earned an impressive 23.13 yuan per share.
At today’s legal meeting, opinions regarding TSMC’s future performance differed among investors. Nevertheless, despite experiencing a sharp decline of 11 yuan the previous day, TSMC made a commendable recovery with a 6 yuan increase this morning, ultimately closing at 546 yuan, representing a 1.1% gain. This gain translates to a contribution of 49.86 points to the market, based on the weighted index of 8.31 points per dollar influenced by TSMC’s fluctuations. By excluding TSMC’s influence, Taiwan’s stock market would have witnessed a decline of 38 points.
In contrast to the global trend, where all four main US stock indexes experienced losses, Taiwanese stocks deviated and recorded a gain of 11.82 points, reaching a closing value of 16,452.73 points. This performance established Taiwan’s stock market as the strongest worldwide and the only red market amidst a sea of decline.
As the alarm was raised in European and American stock markets, with Asian stocks also falling, Taiwan stood out with its resilient performance. While the Nikkei 225 index saw a decline of 1.85% and Korean stocks dropped by 1.88%, Taiwanese stocks managed to maintain their upward trajectory.
Taiwan’s exceptional market performance can be attributed to the crucial role played by TSMC, which continues to demonstrate its dominance and positive influence on the country’s stock market.
Yahoo Finance special correspondent Ye Yiru: With 22 years of experience in mainstream financial media, including witnessing the rise and fall of Taiwan’s various enterprise groups and navigating through numerous international financial crises, I believe that finance affects everyone’s life. It is crucial to present complex financial information in a simplified manner, enabling individuals of all ages to manage their money effectively. Remember, managing money is essential as financial security depends on it.
Taiwan stocks all depend on it! TSMC (2330) held a press conference this afternoon (19). The stock price first rose 6 yuan. Calculated based on the weighted impact index of 8.31 points for every 1 yuan increase at the end of September, the “National Sacred Mountain of Protection” alone contributes nearly 50 points. Based on today’s concentration Calculate the market closing gain of 11.82 points, excluding TSMC, the market would have fallen by 38 points. This helps the Taiwanese stock market to become the “strongest in the world” and became the only red market in the global stock market with an increase of 0.07%, a unique performance!
Extended reading: TSMC’s third-quarter EPS was 8.14 yuan, a “double-rate beat financial forecast” and earned 23.13 yuan per share in the first three quarters.
TSMC’s first tier contribution to the market was nearly 50 points, helping Taiwan’s stock market to become the “strongest in the world” and become the only red market in the global stock market. File photo: Central News Agency
TSMC held its legal meeting this afternoon Although there were different opinions on the long and short sides, after falling sharply by 11 yuan the day before, it rebounded 6 yuan this morning and closed at 546 yuan, an increase of 1.1%. Calculated based on the weighted index of 8.31 points affected by the rise and fall of TSMC per dollar, it corresponds to only one level, which contributed 49.86 points to the market today, removing the weighted index from a declining black market to a rising red. If TSMC is deducted, Taiwan’s stock market will drop 38 points.
The four main US stock indexes were all in the red last night. As US Treasury yields rose again, the Dow Jones Industrial Index fell 332.57 points and the Nasdaq Index also fell 219.45 points. all four major US indexes fell. Generally between 0.98~1.76%.
European and American stock markets sounded the alarm, and Asian stocks also sank in the morning. At the closing time of Taiwanese stocks, the Nikkei 225 index fell by almost 600 points, or 1.85%, and Korean stocks fell by 1.88%. three cross-strait markets, Hong Kong stocks fell 363 points, the heaviest fall. It reached 2. Mainland stock markets in Shenzhen and Shanghai fell by 1.11 to 1.22%, other stock markets in India, Indonesia, Malaysia, Singapore, and fell the whole Philippines.
In comparison, Taiwanese stocks went against the trend and rose 11.82 points to close at 16,452.73 points, with a final increase of 0.07% It became the strongest market in the world and the only red market, with a unique performance.
Yahoo Finance special correspondent Ye Yiru: 22 years of experience in mainstream financial media From the Web1.0 bubble in 2000 to Meta Yuanverse Web3.0, he has seen the rise and fall of Taiwan’s large and small enterprise groups and has experienced five international financial crises. We believe that finance is life and everywhere, no matter how difficult financial information is, we should explain it in a simple way. Everyone, young and old, should manage money. If you don’t manage money, money won’t worry about you.
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