TAIPEI (Taiwan News) — Taiwan’s stock market closed at a record high on Thursday after the US Federal Reserve cut interest rates and signaled the possibility of two more reductions this year, boosting investor confidence.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 331.11 points to close at 25,769.36. Turnover totaled NT$455.3 billion (US$15.1 billion), according to CNA and CTEE.
TSMC rose 1.58% to NT$1,285, matching its record high and lifting its market value to NT$33.32 trillion. The chipmaker contributed about 160 points to the index.
Delta Electronics set a new intraday record at NT$899 before closing up 6.7% at NT$892. Foxconn added 1.42% to NT$215, while MediaTek was unchanged at NT$1,510.
TSMC supplier Chroma Ate advanced 8.48% to NT$614 after confirming a hacking attempt had not compromised operations or sensitive data.
Memory stocks also advanced on improved market conditions. Nanya Technology returned to profit in August, gaining more than 9% on heavy turnover of 330,000 lots, or 330 million shares.
Winbond Electronics hit the daily limit-up with 400,000 lots traded. Macronix International and Walton Advanced Engineering also reached the limit-up.
Defense shares declined despite the opening of the Taipei Aerospace and Defense Technology Exhibition. Thunder Tiger and Lungteh Shipbuilding each dropped by more than half the daily maximum decline, while Air Asia, Evergreen Aviation Technologies, CSBC, Parpro, Coretronic, Aerowin Technology, and AIDC also ended lower.
Institutional investors said expectations of further Fed cuts suggest policymakers are downplaying inflation risks linked to tariffs. They also noted a planned US$42.3 billion investment by Nvidia, Microsoft, and OpenAI in the UK that could benefit Taiwan’s server supply chain.
Other factors included Meta’s launch of new smart glasses and developments at the defense expo. Risks remained from China’s curbs on Nvidia chip sales to ByteDance and Alibaba, as well as a malfunction at Taiwan Power Company’s Linkou plant.
CTBC Investments fund manager Chang Kuei-huei (張圭慧) said expanding AI applications are expected to support Taiwan’s supply chain, while seasonal demand in the fourth quarter could lift the broader market. She highlighted large-cap tech stocks and related exchange-traded funds as likely beneficiaries.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
