TAIPEI (Taiwan News) — Taiwan’s stock market closed lower on Friday, as early gains driven by TSMC’s record opening were offset by profit-taking in the afternoon session.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, dropped 190.99 points to finish at 25,578.37, after touching a historical intraday high of 25,864. Turnover expanded to NT$597.5 billion (US$20 billion), the second-highest single-day total since Aug. 6, 2024, according to CNA and CTEE.
For the week, the TAIEX advanced 103.73 points, extending a four-week winning streak. The total market capitalization of all listed companies reached NT$82.66 trillion, up NT$516 billion from the previous week, according to CNA.
TSMC opened at a record NT$1,290 but retreated on heavy selling, closing down 1.56% at NT$1,652. More than 25,000 lots, or 25 million shares, were sold in the final hour of trading.
MediaTek fell 4.64% to NT$1,440. Foxconn edged down 0.47% to NT$214, and Delta Electronics slipped 0.45% to NT$888.
Memory stocks remained a focus of buying, with multiple company trading volumes exceeding 210,000 lots and ranking among the four most active on the exchange. Winbond Electronics rose 3.72% to NT$33.5 on nearly 580,000 lots traded.
Macronix International gained 2.96% to NT$27.85 with more than 229,000 lots changing hands. Nanya Technology and PSMC both declined over 1% in volatile trading.
Construction-related shares were pressured after the Central Bank left interest rates unchanged and maintained credit controls. YungShin Construction and Development fell to its daily limit at NT$90.5, while Hiyes International and King’s Town Bank each lost more than 8%, closing at NT$91.6 and NT$45.3, respectively.
Passive component makers saw strong demand, led by Yageo which rose to its daily limit at NT$173.5. Walsin Technology reached its limit at NT$95.7, Honey Hope Honesty Enterprise closed at its limit of NT$31.95, and HolyStone advanced 7.17% to NT$95.6.
Taishin fund manager Wei Yung-hsiang (魏永祥) said the US Federal Reserve’s recent rate cut was in line with market expectations, and Nvidia’s investment in Intel is unlikely to affect TSMC. He noted, however, that much of the market’s earlier rise had already priced in the rate cut, but short-term corrections remain possible.
Looking ahead, Wei said investors will be watching for the US Supreme Court ruling on the legality of President Donald Trump’s tariffs and any subsequent policy moves. Other factors include implementation details of semiconductor-related tariffs, pricing strategies of US brand manufacturers after tariffs take effect, and progress in Nvidia’s next-generation artificial intelligence platform development.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
