Taiwan Stock Market Rises by 845.71 Points, Second Largest Daily Gain in History

The Taiwan stock market surged by 845.71 points today, spurred by expectations of an easing in the US-China tariff war, following a strong performance in the US stock market. This surge marks the second-largest increase in history, only behind the April 10 rise of 1608.27 points. TSMC saw an increase of 57 TWD, closing at 873 TWD.
The weighted index opened at 19163.61 points, reached a high of 19639.14 points, and a low of 19163.61 points; excluding financial stocks, the index was at 16991.51 points, up by 796.4 points. It closed at 19639.14 points with a gain of 845.71 points, representing a 4.5% increase, and the trading value amounted to 2690.98 billion TWD.
TSMC rose by 57 TWD to 873 TWD, a 6.99% increase; Hon Hai gained 7 TWD to close at 139 TWD, up 5.3%; MediaTek rose by 70 TWD to 1370 TWD, with a 5.38% increase. The joint packaging stock, Lianjun, closed at 192.5 TWD, up 6.35%, while Lianya reached a trading limit of 250 TWD. Porowai was up by 3.42% to 151 TWD, and Huanyu-KY rose by 5.57% to 92.9 TWD.
The panel-level fan-out packaging stock Qunchuang fell by 0.35% to 14.4 TWD, while AUO rose by 2.48% to 12.4 TWD.
According to Huang Wenqing, the deputy general manager of Taishin Investment Advisory, the US Treasury Secretary's statements suggest that the toughest phase of the US-China tariff war is likely over. Future uncertainties may hinge on negotiation outcomes, and investors should observe the gap around 20000 points from April 7. As May approaches and chip tariff announcements are anticipated, the stock market may still remain cautious, but the worst scenarios appear to have passed, with potential market reactions to confirmed tariff rates and scopes.