TAIPEI (Taiwan News) — Taiwan's stock market opened higher on Friday (Dec. 6), experiencing fluctuations throughout the morning with a range of over 200 points between the day's high and low.
The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) closed down 74.67 points at 23,193.27. Turnover totaled NT$360.93 billion (US$11.15 billion), per CNA.
Electronics stocks remained the dominant sector. The market also saw strong performance in heavy electrical and energy stocks.
TSMC dropped NT$10 (31 cents) to NT$1,065 (US$32.9), Foxconn fell NT$1 to NT$198, and MediaTek closed down NT$20 at NT$1,305. Wits, East Tender Optoelectronics, and AlgolTek all hit the daily limit up, closing at NT$136, NT$52.1, and NT$66.5, respectively.
TSMC is reportedly in discussions with Nvidia to manufacture Blackwell chips at its Arizona facility. If the agreement is finalized, Nvidia will become the company's third US customer, following Apple and AMD, according to Commercial Times.
The construction sector saw the best performance among the eight major sectors. Hung Ching Development & Construction rose 9.58% to NT$40.6, Da Cin Construction gained 5.22% to NT$54.4, and Shining Building Business climbed 6.57% to NT$11.35.
The upcoming US nonfarm payroll report is another factor contributing to today's market volatility. Due to the recent rise in Taiwan's stock market, security analyst Chien Po-i (簡伯儀) advised investors to be cautious and avoid chasing high prices.
The US' nonfarm payroll report is released monthly, typically on the first Friday of each month. It has significant impact on the US dollar, bond market, and stock market, according to Trading Economics.
It measures the number of workers in the US excluding those in farming, private households, non-profits, self-employment, and active military service.
