The Taiwan Weighted Index closed at 41,661.70 in the Taiwan market on the 9th, up 1,960.06 points, or 4.93%, from the previous Friday. The gain was the second-largest on record. Buying was particularly strong on improved investor sentiment driven by gains in U.S. semiconductor stocks and expectations of a technical rebound.
The Taiwan Weighted Index closed at 41,661.70 in the Taiwan market on the 9th, up 1,960.06 points from the previous Friday, and recovered the 40,000 level toward the end of trading. The gain was 4.93%, as the rise in U.S. stocks boosted investors' appetite for buying.
The rise was extremely large compared with historical levels and outpaced the percentage gain in the Nikkei Stock Average. Views are spreading in the market that the risk-off mood has eased.
In addition to improved investor sentiment driven by gains in U.S. semiconductor stocks, market participants have pointed to accelerated buying in Taiwan on expectations of a technical rebound. Market participants are closely watching whether the momentum will continue.
However, this article contains member-only information, and the details of any additional information or follow-up reports remain undetermined. Many market participants take a cautious view of the sustainability of the rise.