TAIPEI (Taiwan News) — Taiwan’s stock market closed lower Thursday (Nov. 14) as heavyweight stocks declined amid investor concern over possible US tariffs and inflation.
The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) closed down 144.85 points at 22,715.38. Turnover totaled NT$399.7 billion (US$12.3 billion), per CNA.
Foreign institutional investors offloaded more than NT$90 billion worth of Taiwanese stocks over the past two days. Concerns about increased tariffs and subsequent inflation sparked by Trump's election intensified market pressure.
Heavyweight stocks experienced a downturn, with Taiwan Semiconductor Manufacturing Co. (TSMC) closing flat at NT$1,350. Foxconn, MediaTek, and Largan Precision saw declines of 1.4%, 1.59%, and 1.7%, respectively.
The technology and finance sectors experienced declines, with stocks falling more than 0.5%. AI-related stocks performed well, with MiTAC Holdings Co. hitting the daily limit, Wiwynn gaining over 5%, and thermal solution provider Asia Vital rising over 3%.
In the aviation sector, Eva Air's stock price reclaimed the NT$40 level, a one-year milestone. Tigerair Taiwan, currently listed on the Taiwan Stock Exchange's (TWSE) Taiwan Innovation Board (TIB), reached its daily limit of NT$72.7.
The positive investor sentiment was fueled by the strong October performance of major Taiwanese airlines. China Airlines recorded its highest October revenue of NT$17.13 billion, a 6.56% year-over-year increase, according to Yahoo stock and UDN Money
Eva Air reported a 4.06% year-over-year increase in revenue, totaling NT$18.24 billion. Starlux Airlines recorded its third-highest October revenue, reaching NT$3.1 billion, a 48.5% year-over-year growth.
Tigerair Taiwan posted record October revenue, up 6.7% year-over-year. The airline is set to go public on Nov. 29.
Companies meeting specific criteria can transfer from the TIB to the main board after a year. Tigerair's public subscription will be held from Nov. 19 to 21, with the lottery draw on Nov. 25.
