TAIPEI (Taiwan News) — Taiwan’s stock market recovered on Monday, ending a weeklong decline as investors followed Wall Street’s gains from Friday.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 218.1 points to close at 27,869.51. Turnover totaled NT$489.5 billion (US$15.8 billion), according to CNA and CTEE.
TSMC added 1.03% to end at NT$1,475. Foxconn climbed 2.25% to NT$249.5, Delta Electronics advanced 1.76% to NT$982, and MediaTek edged down 0.79% to NT$1,250.
Artificial intelligence and robotics-related shares strengthened, with Taiwan Benefit hitting the daily limit and Ability and Mirle Automation posting notable gains. Other suppliers, including Delta Electronics, Largan Precision, and Apex Dynamics, also traded higher.
Memory chipmakers were another bright spot, supported by firmer dynamic random-access memory prices. Phison Electronics, Nanya Technology, Winbond Electronics, Asolid Technology, Etron Technology, Transcend Information, Supreme Electronics, and Walton Advanced Engineering all closed at the daily limit.
However, DRAM downstream industrial computer and networking companies came under pressure as rising component costs squeezed profit margins. Advantech slipped 1.15% to NT$300, while Wnc lost 5.83%.
Macronix International drew attention after Chair Wu Miin-chyou (吳敏求) resumed an active management role, citing growing demand in key memory chip markets. Its shares rose 7.52%, leading the TAIEX in volume with 373,000 lots, or 373 million shares, traded.
As companies begin reporting October revenue, Zinwell and Microelectronics Technology hit the daily limit on strong results. The gains provided a rare lift for networking stocks, which have recently been affected by higher memory prices and production costs.
Institutional investors said Foxconn, Quanta Computer, and Wistron will announce their third-quarter earnings this week, alongside investor conferences expected to offer updates on the AI supply chain.
Fuh Hwa Taiwan Future 50 Active ETF manager Lu Hung-yu (呂宏宇) said US markets weakened last week due to uncertainty over the Federal Reserve’s rate-cut plans, uneven corporate results, and valuation concerns. The pullback also dampened sentiment in Taiwan’s equity market, which fell 581.94 points last week, ending a 10-week winning streak.
Lu said Taiwan’s key role in the global AI supply chain and the sector’s solid growth outlook should sustain earnings momentum and attract bargain hunters. He advised investors to await corporate results and guidance before increasing exposure.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
