United Microelectronics posts record single day jump of 64 cents (+8%)

The Taiwanese semiconductor supplier closed at $8.66 after it made its largest daily jump of 64 cents (8%) since Jan 6.

On the flip side, United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

This rally in United Microelectronics's share price coincided with other technology stocks as Intel added 5.84% to its value, and traded at $29. Qualcomm gained 6.09%, as it traded at $110.35. Accenture plc Class A (Ireland) was up 4.06%.

The stock has been trending positively for about a month. The global semiconductor company has managed to gain 34.45% so far this year despite trading at lows around $5.36 previously.