TAIPEI (Taiwan News) — Taiwan’s stock market opened higher on Tuesday, tracking Wall Street’s rebound after progress toward ending the US federal government shutdown, but early gains faded as the session progressed.
The Taiwan Capitalization Weighted Stock Index (TAIEX) lost 84.56 points to close at 27,784.95. Turnover totaled NT$566.3 billion (US$18.3 billion), according to CNA and CTEE.
TSMC fell 0.68% to NT$1,465. Foxconn dropped 1.20% to NT$246.5, MediaTek declined 0.80% to NT$1,240, and Delta Electronics slipped 1.02% to NT$972.
In contrast, memory chipmakers continued to attract strong buying as DDR4 prices rose. Transcend Information, Etron Technology, and Walton Advanced Engineering all hit daily limits.
Macronix International gained 6.07% to NT$40.2, marking its fifth consecutive advance. The stock has risen more than 35% over this period, benefiting from AI-driven demand for memory upgrades.
The company plans to raise NOR Flash prices by as much as 30% in the first quarter of next year as orders remain strong.
Other memory-related firms also performed well, including PSMC, Apacer Technology, Nanya Technology, Phison Electronics, Winbond Electronics, and Panram International.
Different generations of SDRAM (synchronous dynamic random-access memory), such as DDR, DDR2, and DDR3, each have distinct features. DDR4 improves signal quality and power efficiency, and although manufacturers are shifting to DDR5 and high-bandwidth memory, DDR4 remains widely used in older systems.
Printed circuit board suppliers rebounded, with Taiwan Glass, Fulltech Fiberglass, Dynamic Holding, Lcy Technology, and Baotek Industrial Materials all closing at their upper limit. PCBs serve as the foundation for all electronic components, enabling signal and current transmission through copper foil circuits.
Passive component makers also performed strongly, with Abc Taiwan Electronics, King Core Electronics, Prosperity Dielectrics, Leatec Fine Ceramics, Hua Jung Components, and Taiwan Chinsan Electronic Industrial all reaching the daily trading limit.
Senior analyst Chien Po-yi (簡伯儀) said that overall sentiment remains positive despite more stocks falling than rising and weakness in the over-the-counter market. Chien said market fluctuations could increase and advised investors to avoid companies with weaker revenue or quarterly results.
PGIM High Growth Fund manager Liao Ping-kun (廖炳焜) said the performance of major global artificial intelligence companies signals sustained growth momentum in the sector. Taiwan’s economic data reflect this trend, with AI-related exports serving as a key driver of expansion.
Liao noted that while profit-taking could create selling pressure in November, any correction is expected to be limited, providing opportunities for long-term investors.
He added that temporary supply-demand imbalances will likely keep DRAM prices high through the first half of next year, improving pricing visibility. Rising contract prices have helped domestic manufacturers return to profitability earlier than expected in the third quarter, with further growth anticipated in the fourth.
Looking ahead to the year-end, Liao suggested focusing on medium- to long-term trend stocks in the AI supply chain, 2-nm foundry ecosystem, memory, intellectual property, optical communications, low-Earth orbit satellites, robotics, foldable smartphones, specialty chemicals, and heavy electrical equipment sectors.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
