TAIPEI (TVBS News) — Taiwan's stock market opened with a surge on Thursday (Feb. 6), gaining 64.92 points to start at 23,226.50. The rally quickly expanded by over 100 points, maintaining its position above 23,000. Weighted stocks led the charge, with TSMC (台積電) rising by NT$10 to temporarily report at NT$1,120.
Electronics stocks spearheaded the gains, with MediaTek (聯發科) climbing NT$30 to NT$1,555. Hon Hai (鴻海) increased by NT$3 to NT$174, Wiwynn (緯穎) rose NT$15 to NT$2,110, Quanta (廣達) added NT$4.5 to NT$244.5.
The weighted index closed at 23,161.58, up 367.62 points or 1.61% a day earlier, with a total transaction value of NT$358.77 billion. The three major institutional investors made net purchases of NT$32.95 billion, with foreign investors buying NT$25.40 billion. The top five net-sold stocks included UMC (聯電) and Taishin Financial Holdings Co. (台新金), while the top net-bought stocks featured KGI Fund (凱基金) and Hon Hai.
In the U.S., the ADP employment report revealed private companies hired 183,000 workers in January, surpassing expectations. This development, combined with NVIDIA Corp.'s stock surge due to its AI data center announcement, contrasted with Alphabet Inc.'s stock drop following its earnings report.
