TAIPEI (Taiwan News) — Taiwan’s stock market closed higher on Thursday, lifted by gains in heavyweight and high-priced stocks, with turnover exceeding NT$400 billion (US$13.4 billion).

The Taiwan Stock Exchange Capitalization Weighted Stock Index, or TAIEX, rose 80.8 points to end at 23,542.52. Turnover reached NT$400.14 billion, according to CNA and CTEE.

TSMC hit a new intraday high of NT$1,165 before closing up 0.43% at NT$1,160, contributing around 40 points to the TAIEX and bringing its market cap over NT$30 trillion. MediaTek lost 0.72% to NT$1,370.

Foxconn climbed 3.79% to NT$178 after unveiling a share-swap alliance with Teco Electric and Machinery to jointly explore global opportunities in artificial intelligence data centers. The news boosted server-related stocks, with gains seen in Delta Electronics, Quanta Computer, and Wistron.

Taiwan Glass hit the daily limit, leading the glass and ceramics sector to a 7.82% gain — the strongest among all industry groups.

Analyst Wang Chao-li (王兆立) said the now-announced US tariffs had been a key market concern, and the decision could influence the TAIEX’s short-term direction. However, institutional investors believe the uncertainty surrounding trade deals is gradually easing, which could benefit Asian markets in the near term.

Senior analyst Chien Po-yi (簡伯儀) noted that with turnover back above NT$400 billion, and if the tariff issue is resolved by Friday, investor caution may ease. He added that Thursday’s gains in AI server stocks were matched by active trading in smaller thematic sectors, suggesting improving market sentiment.

This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.