Taiwan stocks rebound over 46,000 points; Yageo, board makers surge

Taiwan's stock market experienced a robust rally on June 30, with the main index closing up 1126.01 points at 46125.91. This surge followed a strong performance in the US market, particularly in semiconductor stocks, which boosted investor confidence.

The Taiwanese market opened higher and saw broad gains across various sectors. Leading the charge were semiconductor giants like TSMC and UMC, alongside memory chip producers, ABF substrate manufacturers, and IC design firms. Many of these technology stocks, including Yageo and the "three major board manufacturers" (Nan Ya PCB, Xinxing, and Kinsus), hit their daily trading limits.

MediaTek also saw significant gains, rising 8.57%. The day's trading volume reached a substantial 1.2 trillion New Taiwan dollars. The index even reached an intraday high of 46637 points, marking the third-largest point increase in its history.

However, the market faced some late-day pressure. A significant sell-off, with over 18,000 TSMC shares being sold, and adjustments in other popular stocks like UMC and Powerchip Semiconductor Manufacturing, caused the index to pull back by 433 points before the closing bell. Despite this late dip, the overall sentiment remained positive, reflecting strong underlying demand in key technology sectors.