TAIPEI (Taiwan News) — Taiwan’s stock market staged a strong comeback on Tuesday, reversing early losses to close at the day’s high.
The Taiwan Stock Exchange Capitalization Weighted Stock Index, or TAIEX, gained 198.22 points to close at 20,232.63. Turnover totaled NT$239 billion (US$7.4 billion), per CNA and CTEE.
TSMC rose 0.56% to close at NT$902 (US$28), reclaiming the NT$900 mark. MediaTek added 1.5% to close at NT$1,370, while Foxconn edged up 0.35% to end at NT$144.5.
Investor sentiment was further boosted by Tesla CEO Elon Musk, who predicted that robotic surgeons could outperform top human doctors within five years. His forecast reignited interest in the robotics sector, sending shares of related companies, such as Aurotek, Apex Dynamics, and Taiwan Benefit, sharply higher.
Financial stocks also delivered strong performances. Key players like CTBC, SinoPac, Fubon, and Cathay Financials each rose more than 2%.
CTBC Financial announced a planned cash dividend of NT$2.3 per share, implying a yield of over 6%. The news lifted its stock by 2.6%, with trading volume reaching 880,000 lots, ranking second in turnover on the TAIEX.
Looking ahead, analysts advise closely watching earnings reports from major US tech giants this week, which could significantly influence sentiment around AI and the semiconductor sector in the second half of the year. Apple is set to report on May 1, followed by Microsoft and Meta.
However, May’s tax payment season and potential market-moving events, such as weak corporate guidance or politically sensitive remarks, could pose risks to the current rally.
Despite ongoing volatility, analysts believe Taiwan stocks are still trading below long-term valuation averages. They recommend focusing on large-cap index stocks, along with theme-driven picks.
Key investment themes in tech include advanced manufacturing and packaging, edge computing, next-generation integrated circuit design, optical communications, and low-Earth orbit satellite plays. In traditional industries, investors may consider sectors like power equipment, industrial automation, biotech, financials, aerospace, and robotics.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
