Monday opens strong! TSMC surges to 2330, Taiwan Weighted Index breaks 40k points, Nikkei and South Korea's KOSPI hit new highs simultaneously

Asian stock markets open in the green! TSMC’s stock price surges to NT$2,330, driving the Taiwan Stock Exchange to break through the 40k-point mark. The Nikkei and South Korea’s Kospi indices also hit record highs simultaneously, unaffected by the US-Iran situation; Bitcoin continues to challenge $80k under whale accumulation.

Taiwan stocks break through 40k points, TSMC’s stock price soars to NT$2,330

Taiwan stocks opened strongly on Monday (4/27), with TSMC (2330) surging to NT$2,280 at the open, and during the trading session, it continued climbing to NT$2,330, an increase of over 5.7%, reaching a historic new high matching its stock number “2330”; the weighted index opened higher and rose further, breaking through 40k points during the session.

TSMC’s rally is supported by growth in AI business fundamentals, with policy measures allowing equity funds and active ETFs to increase their single-stock holding limit from 10% to 25%, attracting substantial capital inflows.

TSMC’s American depositary receipts (ADRs) surged 5.17 last Friday, closing at $402.46, with a market capitalization surpassing $2 trillion, overtaking Broadcom to become the sixth-largest tech company globally.

Ignoring US-Iran negotiations stalemate, Japan and South Korea stock markets hit record highs

Asian-Pacific markets generally rose on Monday, with investors unaffected by diplomatic setbacks between the US and Iran.

According to CNBC, Japan and South Korea’s stock markets demonstrated strong momentum, with the Nikkei 225 index rising over 1% to 60,375.12 points, hitting a record high; South Korea’s Kospi index increased 1.56% to 6,576.94 points, also setting new records; Australia’s S&P/ASX 200 index fell 0.45%.

Even as US President Donald Trump canceled the dispatch of special envoys to negotiate with Pakistan and Iran, market sentiment remained stable, and the breakdown of negotiations pushed Brent crude oil futures up to $107.49 per barrel.

However, last Friday, both the US S&P 500 and Nasdaq indices closed higher, providing strong support for Asian stocks.

Bitcoin challenges $80,000, whales continue to build long positions

Meanwhile, Bitcoin continues to challenge the $80,000 mark. As of this writing, the price is $79,212, up 2.23%, with a recent high of $79,500 in the past 24 hours.

The driving force behind this rally mainly comes from large investors’ long-position accumulation.

According to CoinDesk, whales on the decentralized perpetual contract exchange Hyperliquid have been net long since early March, with continuous increases in long positions throughout April. At the same time, Bitcoin perpetual contract funding rates have remained negative at -0.13% for nearly seven days, a phenomenon ongoing for about 47 days.

If US Treasury yields decline due to the Department of Justice ending its investigation into Federal Reserve Chair Jerome Powell, it could trigger short covering and further push prices higher.

Further reading:
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This content is compiled by Crypto Agent from various sources, reviewed and edited by Crypto City. It is still in the training phase and may contain logical biases or informational errors. The content is for reference only and should not be considered investment advice.