TAIPEI (Taiwan News) — Taiwan’s stock market closed above the 26,000-mark for the first time on Tuesday, setting new intraday and closing records for the benchmark index.
The Taiwan Capitalization Weighted Stock Index (TAIEX) added 366.77 points to finish at 26,247.37, with turnover reaching NT$529 billion (US$17.5 billion). The index touched an intraday high of 26,307.3, according to CNA and CTEE.
TSMC rose 3.47% to NT$1,340, contributing more than 300 index points and ending at its record high. Foxconn advanced 2.31% to NT$221.
In contrast, Delta Electronics declined 1.54% to NT$893. MediaTek slipped 2.14% to NT$1,375.
Buying interest in memory stocks remained strong, though performance was mixed. Winbond Electronics rose 6.42% with 532,000 lots, or 532 million shares traded, the highest among listed companies, according to CTEE.
Powerchip Semiconductor Manufacturing closed at the limit-up price of NT$23.45 with a turnover of 258,000 lots, ranking second in trading volume. The stock has advanced 47% so far in September.
Macronix International, Mosel Vitelic, and Elite Semiconductor Microelectronics Technology also finished higher. Phison Electronics, Adata Technology, Apacer Technology, and Team Group ended lower.
Nvidia’s announcement of a strategic partnership with OpenAI and a planned investment of up to US$100 billion lifted related shares. Edom Technology closed at the limit-up price of NT$42.55.
Defense-related stocks, which performed strongly in the previous session, retreated. Thunder Tiger fell 3.26% to NT$148.5, while Aerospace Industrial Development dropped 3.54% to NT$62.6.
PGIM Global Resources Fund manager Kuo Ming-yu (郭明玉) said ample liquidity continues to support new highs, though further gains will depend on whether daily turnover remains around NT$500 billion. Without that level of trading activity, the market could enter a period of consolidation.
Electronics remain the primary driver, supported by sustained capital spending from international cloud providers, which keeps artificial intelligence-related shares central to market activity. While a stronger Taiwan dollar and tariff issues may pose challenges for information and communications technology and semiconductor exporters, he said valuations continue to underpin the rally.
Kuo added that advances in AI hardware are creating greater demand for power management and cooling solutions. The introduction of next-generation GPUs such as Blackwell Ultra and Rubin, along with new server cabinet designs expected by 2027, reflects the move toward higher computing density and opportunities for advanced liquid cooling systems.
Looking ahead, Kuo forecasts steady economic growth and corporate earnings recovery by 2026, alongside anticipated US Federal Reserve rate cuts by the end of this year. He recommended focusing on companies with strong competitiveness in foundry services, AI servers, electronic components, cooling technologies, circuit boards, testing and packaging, and integrated circuit design.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
