TAIPEI (Taiwan News) — Taiwan’s stock market closed above the 28,000-point mark on Wednesday, supported by optimism over Nvidia’s GPU Technology Conference and possible signs of progress in US-China trade talks.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 345.63 points to finish at 28,294.74, setting a record high. Turnover expanded to NT$578 billion (US$18.9 billion), according to CNA and CTEE.
TSMC advanced 2.03% to NT$1,505 after reaching an intraday high of NT$1,515, both new records. MediaTek fell 1.14% to NT$1,300 ahead of its investor conference on Friday, Foxconn rose 4% to NT$260, while Delta Electronics declined 1.4% to NT$1,060.
Memory-related shares extended their rally as tight DDR4 supply affects the personal computer and smartphone sectors. Nanya Technology increased 2.31% to NT$133, and Macronix International added 5.62% to NT$38.5.
Packaging and testing companies also traded higher. ASE Technology Holding rose 8.87%, while Powertech Technology, Sigurd Microelectronics, Chipbond Technology, and Greatek Electronics ended with moderate gains.
Bes Engineering hit the daily limit for a third consecutive session, with trading volume reaching 114,000 lots, or 114 million shares. The rise followed news that the Tao Zhu Yin Yuan residential tower in Taipei, which the company co-developed, was sold at NT$4 million per ping (3.3 square meters), the highest price ever recorded in Taiwan’s housing market.
Cathay Securities Investment Consulting Deputy Manager Tsai Ming-han (蔡明翰) said abundant liquidity continues to support the market, although the recent rally may invite short-term technical pullbacks.
Concord Securities Investment Director Liao Chi-hung (廖繼弘) said that while short-term volatility is possible following the midterm rebound, ongoing rotation in AI-related stocks remains a key driver of new highs. Momentum in memory and passive component shares has also lifted sentiment, suggesting any corrections could be limited.
Liao added that AI leaders such as TSMC continue to guide the broader market. With both TSMC and the TAIEX maintaining strength at elevated levels, he expects near-term resistance between 28,500 and 29,000 points.
He advised investors to buy on dips, focusing on TSMC’s 2-nm supply chain, as well as cooling systems, testing, memory, Ajinomoto Build-up Film substrates, passive components, semiconductor specialty chemicals, and financial stocks.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
