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Taiwan Stocks Surge by 552 Points as New Taiwan Dollar Soars, 'This Type of Stock' Emerges as Big Winner

Taiwan Stocks Surge by 552 Points as New Taiwan Dollar Soars, 'This Type of Stock' Emerges as Big Winner

Today (2nd), Taiwan's stock market closed at a record high of 20787 points, up 552 points, with a trading volume of NT$326.6 billion. The OTC index finished at 223.89 points, gaining 3.91 points. A total of 1702 listed companies rose today, with 49 hitting the limit-up.

In electronic major stocks, TSMC (2330) closed at a high of NT$950, gaining NT$42 or 4.63%. Hon Hai (2317) finished at NT$147.5, up NT$6, or 4.24%. MediaTek (2454) closed at NT$1300, down NT$50 or 3.7%.

AI concept stocks performed impressively today, with Quanta Computer (2382) closing at NT$251, up 5.24%. Wiwynn (6669) ended at NT$2065, gaining NT$155 or 8.12%. Wistron (3231) closed at NT$105.5, up NT$4 or 3.94%, while Gigabyte (2376) finished at NT$236, increasing by NT$7.5 or 3.28%.

The BBU group also saw a rise in both price and volume, with Shun Sin (4931) and Hsin Eng (6558) hitting the limit-up, reaching NT$91.1 and NT$55 respectively, trading volumes ranked at 3rd and 7th. Ravi Electronics (8104) and Capstone (3323) also surged to the limit-up, with prices of NT$37.4 and NT$31.8.

At the same time, the New Taiwan Dollar also appreciated, with a midday exchange rate of NT$31.394, rising by 6.26 cents and a transaction amount of USD 1.492 billion. At one point during the session, it rose by 8.8 cents to NT$31.14, setting a new low in nearly 16 months and marking the largest intraday increase.

Benefiting from the strong increase of the New Taiwan Dollar, several previously dormant assets also hit the limit-up, including Nan Fang (1440), Tai Fertilizer (1722), Taiwan Power (9902), Sun Yao (1316), Shih Paper (1903), Chien Cheng (2524), and Shih Electric (1503).

Other sectors with capital inflow included PCB-related, heavy electrical, robotics concept stocks, heat dissipation, and Sun Yao Group.