690,000 Shareholders Rejoice! PSMC's Massive Rally Fueled by 'This Big Player'

Powerchip Semiconductor Manufacturing Corporation (PSMC) became the biggest winner on the Taiwanese stock market Wednesday, with its shares hitting the daily upper limit on massive trading volume. The surge was largely fueled by foreign institutional investors who bought over 113,900 shares, pushing the stock to NT$73.7.

The company, which has 690,000 shareholders, saw its trading volume expand to 428,600 shares. This significant buying activity from foreign investors highlights confidence in PSMC's performance and future prospects.

PSMC's rally contributed to a broader uptrend in the Taiwanese stock market. The main index closed up 397 points, with Taiwan Semiconductor Manufacturing Company (TSMC), silicon wafer manufacturers, and AI-related stocks leading the charge. Foreign investors were net buyers of NT$11.021 billion worth of stocks across the market.

Among the top 10 stocks purchased by foreign investors on Wednesday, PSMC led the list, followed by Compal Electronics, Walsin Lihwa, Hon Hai Precision Industry (Foxconn), and Inventec. Other notable purchases included China Steel, Chang Chun Petrochemical, Far Eastern New Century, First Financial Holding, and Macronix International.