TAIPEI (TVBS News) — Taiwan's stock market experienced volatility on Thursday (Jan. 9), with the weighted index briefly maintaining the five-day moving average at approximately 23,380 points. TSMC (台積電) supported the market, while financial stocks showed stability. TSMC traded above NT$1,100, MediaTek (聯發科) aimed to maintain NT$1,470, and Foxconn (鴻海) and Quanta Computer (廣達) saw slight declines. ASE Technology Holding (日月光投控) and Delta Electronics (台達電) both fell more than 1.4% during the session.
By 10:50 a.m., the weighted index reported 23,311.69 points, a decrease of 95.64 points. Electronic stocks slipped by 0.01%, financial stocks rose by 0.35%, and the OTC index dropped by 0.79%. Jung I-shen (容逸燊), vice general manager of Chi Far Securities Investment Consultant (啟發投顧), noted that the rising U.S. 10-year Treasury yield is pressuring high-valuation stocks. He also mentioned that the recent strength of the U.S. dollar index negatively affects U.S. exports, leading to a pullback in U.S. stocks and causing high-level fluctuations in Taiwan's stock market.
Jung further highlighted the importance of monitoring foreign investment behavior before TSMC's investor conference on Jan. 16. Currently, foreign investors are replenishing in the spot market and hedging in the futures market, indicating potential continued positioning.