TAIPEI (Taiwan News) — Taiwan’s stock market fell on Friday, recording its largest single-day drop in over a month as electronics, traditional industries, and financial shares weakened.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, fell 443.53 points to end at 25,580.32, with turnover reaching NT$480 billion (US$15.7 billion). Despite the decline, the index gained 1.95 points for the week, marking a five-week winning streak, according to CNA and CTEE.
TSMC fell 1.52% to NT$1,300, cutting its market value by NT$518.6 billion. Over three sessions, the stock dropped from NT$1,340, reducing TSMC’s market capitalization by more than NT$1 trillion to NT$33.71 trillion.
Foxconn slid 4.57% to NT$219.5. MediaTek lost 2.6% to NT$1,310, and Delta Electronics dropped 4.07% to NT$848.
In contrast, Techman Robot debuted with a rally, climbing 107% from NT$238 to NT$493, an increase of 107%. The rise generated gains of nearly NT$260,000 per lot, or 1,000 shares, for investors.
Lotus Pharmaceutical also performed strongly despite US plans to impose a 100% tariff on imported pharmaceuticals starting Oct. 1. The stock closed at the daily limit of NT$255 for a third consecutive session, rising 34% over five sessions following the announcement of a NT$20 billion acquisition that will position it among the world’s top 20 specialty drugmakers.
In traditional industries, plastics, machinery, cables, rubber, autos, and construction sub-indexes all fell more than 1%. Glass stocks led losses with a decline exceeding 7%.
Walsin Lihwa traded heavily as global copper prices weakened. The stock closed 4.39% lower at NT$25.05 with 244,000 lots, the second-highest market volume.
Shipping shares also retreated. Evergreen Marine remained optimistic, citing expected fourth-quarter demand, while Yang Ming Marine Transport took a more cautious stance.
Mega International Investment Services Vice President Huang Kuo-wei (黃國偉) noted the TAIEX has climbed over 9,000 points since its April low of 17,306.97, prompting some investors to take profits. PGIM High Growth Fund manager Liao Ping-kun (廖炳焜) said September saw multiple record highs and warned of potential short-term volatility with upcoming Mid-Autumn Festival and National Day holidays.
Liao added that Taiwan’s artificial intelligence-driven growth remains strong, supported by continued investment from global technology leaders and steady increases in Nvidia’s GB-series shipments. He highlighted long-term opportunities in AI-related suppliers, advanced chip manufacturing, chip design, edge computing, optical communications, memory, specialty chemicals, heavy electrical equipment, and biotechnology.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
