TAIPEI (Taiwan News) — Taiwan’s stock market closed higher Tuesday, lifted by gains in electronics shares and improved sentiment amid growing expectations of a potential US Federal Reserve rate cut in September.

The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) rose 281.65 points to close at 23,660.59. Turnover reached NT$368 billion (US$12 billion), according to CNA and CTEE.

TSMC gained 1.32% to close at NT$1,150. Foxconn rose 2.5% to NT$184.5, while MediaTek added 0.75% to end at NT$1,340. Other major electronics stocks — including Pegatron, Wistron, Quanta Computer, and UMC — also closed higher.

Drone-related shares extended their recent rally. China Electric, Air Asia, and Chang Ascending posted gains, while Altek hit its daily price limit and remained there at the close.

Thunder Tiger ended flat at NT$102 after disclosing Monday a NT$58.76 million failed payment due to a counterparty settlement issue — the first such incident involving a listed company in Taiwan this year.

Stocks linked to high-voltage direct current modules also saw strong performance. Delta Electronics surged 6.58% to NT$632, and Lite-On Technology reached the daily price limit to close at NT$133.5.

Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said continued strength in US artificial intelligence stocks helped boost Taiwan’s electronics sector. He added that improving market sentiment is supporting a rebound in small-cap stocks as well.

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