TAIPEI (Taiwan News) — Taiwan's stock market climbed on Tuesday as investors reacted positively to reports that the next round of US President Donald Trump's tariffs will target fewer industries.
The Taiwan Stock Exchange Capitalization Weighted Stock Index, or TAIEX, closed up 166.55 points at 22,273.19. Turnover totaled NT$250 billion (US$7.6 billion), per CNA and CTEE.
TSMC’s stock price rose on eased tariff concerns and news of its 2nm production expansion in Taiwan. The stock opened NT$17 (51 cents) higher and gained another NT$18 to close at NT$990.
Investor optimism about Nvidia’s upcoming personal AI supercomputer shipments helped drive MediaTek’s stock up more than 3%, closing at NT$1,525. Foxconn also saw an increase, closing up NT$2 at NT$165.
TSMC’s expansion plans also benefited its equipment suppliers. Gudeng Precision Industrial gained 6.64% to close at NT$425.5, while Scientech, All Ring Tech, and Gallant Micro Machining ended in positive territory.
The information services sector performed strongly, with Fortune Information Systems (FIS) and MetaAge hitting their daily limit-up. FIS marked its fourth consecutive day of maximum price increases, leading gains in the sector.
Weak financial reports continued to drag down Microelectronics Technology, which hit the daily limit-down for the seventh consecutive session. The stock has now fallen more than 50% from its recent peak.
Allegations of falsification of product origin also weighed heavily on Hi Sharp Electronics. Despite the company's efforts to reassure investors, the stock hit the daily limit-down.
Among high-priced stocks, Aspeed Technology, the market’s most expensive stock, closed up NT$100 at NT$3,400. Alchip Technologies ranked second gaining NT$60 to close at NT$2,845.
Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said that while daily rumors about the US tariff policy continue to circulate, the market’s overall direction remains steady. He views the low trading volume as a positive sign of consolidation and believes the market's ability to absorb tariff concerns will be key moving forward.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
