TAIPEI (Taiwan News) — Taiwan’s stock market closed lower on Wednesday, as renewed concerns over an AI-related market bubble led to broad sell-offs across global markets, weighing on major Asian and US indexes.
The Taiwan Capitalization Weighted Stock Index (TAIEX) fell 399.5 points to finish at 27,717.06 after declining as much as 743 points earlier in the session. Turnover totaled NT$589.5 billion (US$19 billion), according to CNA and CTEE.
TSMC dropped 2.99% to NT$1,460, while Delta Electronics declined 0.82% to NT$967. In contrast, Foxconn rose 1.23% to NT$247, and MediaTek advanced 1.14% to NT$1,330.
High-priced stocks faced profit-taking after recent gains. Aspeed Technology, Wiwynn, and Alchip Technologies each fell around 3%, while Accton Technology declined more than 8%.
Some memory and tourism-related shares moved against the market trend.
Nanya Technology, Winbond Electronics, Macronix International, and PSMC posted gains. Phison Electronics rebounded above NT$1,000 on bargain-hunting.
In the tourism sector, Chateau International Development hit the daily limit at NT$30.05. Hoya Resort Hotel rose 7%, and Farglory Hotel, My Humble House, Mercuries F&B, and Hotel Royal gained between 1% and 4%.
Corporate activity provided additional support. China Petrochemical Development Corp., an affiliate of the Core Pacific Group, reached the daily limit after heavy buying.
Investors saw it as a potential beneficiary of Pj Asset Management’s plan to acquire another Core Pacific subsidiary, Bes Engineering. Trading volume for China Petrochemical Development reached 259,000 lots, or 259 million shares, making it the most actively traded stock of the day.
E Sun Investment Consulting noted that after the TAIEX’s recent rally to record highs, investor risk awareness has increased. The firm recommended that investors wait for clearer signs of market stabilization before reentering and focus on stocks with solid fundamentals or distinct themes rather than chasing short-term momentum.
Selling pressure near the 28,000-point level reflected a more cautious mood ahead of upcoming corporate earnings. Nvidia’s Nov. 19 earnings announcement and Foxconn’s Tech Day event on Nov. 21–22 are expected to be key market drivers in the coming weeks.
SinoPac Investment Service noted that the recent pullback has helped ease speculative activity and advised investors to adopt a slower trading pace and monitor broader market trends. It added that uncertainty also surrounds an upcoming US Supreme Court ruling on whether President Donald Trump had the authority to impose tariffs.
A reversal could bolster global growth. An affirmation may trigger short-term volatility but have limited lasting impact, SinoPac said.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
