TAIPEI (Taiwan News) — Taiwan’s stock market set multiple records on Monday, including new intraday and closing highs for the benchmark index, an all-time market capitalization, and record share prices for leading technology companies.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 302.23 points to close at 25,880.6. The index also touched an intraday peak of 25,887, just shy of the 26,000-point mark, according to CNA and CTEE.
Turnover totaled NT$470 billion (US$14.5 billion). Overall market value reached NT$83.6 trillion.
TSMC gained 2.37% to a record NT$1,295. Delta Electronics rose 2.14% to NT$907, closing above NT$900 for the first time.
With a market capitalization of NT$2.36 trillion, Delta ranked third among listed companies, behind TSMC’s NT$33.6 trillion and Foxconn’s NT$3 trillion. Foxconn added 0.93% to NT$216, while MediaTek slipped 2.43% to NT$1,405.
Memory-related shares advanced after reports that Samsung plans to raise dynamic random access memory prices by up to 30% in the fourth quarter. Winbond Electronics was heavily traded with 377,000 lots, or 377 million shares, while Nanya Technology climbed 2.02% to NT$80.8.
Elite Semiconductor Microelectronics Technology and Adata both hit the daily limit-up, with more than 40,000 buy orders queued. DRAM chips are used to temporarily store data in computers, smartphones, and other devices.
Defense and drone-related stocks were another focus. Cub Elecparts, Coretronic, and Ubiqconn closed at limit-ups, while Magnate Technology and Brinno rose more than 5%.
Taishin Securities Investment Advisory Deputy General Manager Huang Wen-ching (黃文清) said the US Federal Reserve’s recent interest rate cut and expectations of two more this year have bolstered sentiment and attracted foreign capital. He added that strong demand for artificial intelligence applications, robust August revenues, and interest in advanced packaging technologies continue to support the market.
Huang noted the TAIEX may soon surpass 26,000 points, though short-term overheating risks remain.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
