Stock exchange double kill!TSMC gapped and led the decline, Taiwan stocks once fell nearly 200 points

2024-01-16 04:06:30

Business Media|Reporter Yang Jinming/Comprehensive Report

The U.S. stock market was closed, and the Taiwan stock market’s election market stalled on Tuesday (16th). TSMC led the decline at the opening. The market fell nearly 200 points, reaching a low of 17,337 points. The intraday decline converged and fell back to the 17,400-point mark. It is estimated that the trading volume will slightly increase to 17,337 points. 310 billion yuan. The New Taiwan dollar continued to weaken once morest the U.S. dollar, depreciating as low as 5.5 cents in early trading and reaching 31.270 yuan.

Image source: Qimo Stock Market

Morgan Stanley estimates that TSMC’s full-year gross profit margin may drop to around 52%, which caused TSMC to jump lower in early trading and fall to 579 yuan. It pulled back to a flat plate of 586 yuan and fluctuated during the session. MediaTek fell to the quarterly line at the same time, with an intraday decline. More than 2%, the battle to defend the 900-yuan level is underway. United Microelectronics, Delta Electronics, and Largan Optoelectronics are under pressure, while Hon Hai and ASE Investment Holdings are holding on to the flat market. Panel duo Innolux and AUO were favored by buyers, and their stock prices both rose.

Image source: Qimo Stock Market

The focus of the market is IC design factory Shenshi. The acquisition of Qianzhan Technology and the improvement of the group’s IP business have been affirmed. The stock price has locked at the daily limit of 162.5 yuan; Faraday also gained regarding 4% to 5% intraday due to its acquisition of TSMC IP supplier Aragio Solution.

Analysts said that this week’s settlement of the Taiwan Index futures and the debut of TSMC’s announcement, Taiwan stocks hit a new low in early trading today, but the performance of small and medium-sized stocks was relatively strong. At present, we need to pay attention to whether foreign investors are reselling and the development of the New Taiwan Dollar. We estimate that Taiwan stocks will be short-term. A backtest of quarterly support cannot be ruled out.

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