TAIPEI (Taiwan News) — Taiwan’s stock market ended lower on Friday after late-session selling erased earlier gains, despite solid earnings from Apple and Amazon and signs of easing trade tensions between the US and China.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, lost 54.18 points to close at 28,233.35. Turnover totaled NT$558 billion (US$18 billion), according to CNA and CTEE.
For the week, the TAIEX added 701.09 points, extending its October advance to 2,412.81 points.
TSMC reached an intraday record of NT$1,525 before heavy selling of over 14,000 lots, or 14 million shares, in the final minutes pushed it down 0.33% to NT$1,500 at the close. The chipmaker’s NT$195 rise in October contributed about 1,565 points to the TAIEX, making it a key driver of the market’s recent strength.
MediaTek finished flat at NT$1,310. Foxconn declined 1.72% to NT$257.5, while Delta Electronics slipped 1.49% to NT$995, falling below the NT$1,000 threshold.
Memory chipmakers saw profit-taking after recent rallies. Macronix International hit the daily limit down for a second straight session, with 257,000 lots traded, the highest volume on the market.
PSMC fell 1.87% to NT$31.5. Nearly 200,000 lots changed hands, ranking second in volume.
Printed circuit board manufacturers outperformed, supported by strong earnings. Gold Circuit Electronics and First Hi-tec Enterprise both hit the daily limit and remained locked at the ceiling until the close.
Elite Material gained 6.67% to NT$1,360 after briefly touching NT$1,400, a new intraday high. The company reported record third-quarter earnings of NT$11.19 per share, driven by robust demand from the artificial intelligence and automotive sectors.
Upstream supplier Fulltech Fiber Glass rose 5.71% to NT$72.2, ranking third in market volume with over 130,000 lots traded.
Power equipment makers also advanced. Fortune Electric, Allis Electric, and Shihlin Electric and Engineering all closed at the daily limit.
Analysts said the TAIEX held gains of more than 100 points earlier in the session, reaching a high of 28,484, before a pullback in TSMC shares led the broader market lower. They attributed the late-session decline to month-end exchange-traded fund rebalancing, short-term profit-taking, and adjustments in foreign holdings, according to CTEE.
Despite Friday’s decline, analysts described the market as being in a healthy consolidation phase. The moderate expansion in trading volume suggested that bullish funds remain in the market, with investors rotating toward small- and mid-cap stocks.
The over-the-counter index outperformed the main board, reflecting early positioning for November investment themes and the outlook for next year.
Looking ahead, analysts expect the TAIEX to consolidate in the near term after a strong October rally. With monthly and quarterly moving averages maintaining a bullish setup, the index could continue testing the 30,000-point level.
Market attention is expected to turn to institutional positioning in November and earnings reports from AI server suppliers.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
