TAIPEI (Taiwan News) — Taiwan’s stock market opened higher on Wednesday and briefly regained the 28,000-point level, though gains moderated late in the session as selling emerged in TSMC.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 162.14 points to close at 27,947.09. Turnover totaled NT$560.5 billion (US$18 billion), according to CNA and CTEE.
TSMC ended 0.68% higher at NT$1,475. Foxconn gained 0.83% to NT$251, MediaTek added 0.4% to NT$1,245, and Delta Electronics edged down 0.51% to NT$967.
Memory chipmakers continued to perform well on rising DDR4 prices. Transcend Information, Innodisk, PSMC, Chipmos Technologies, and Walton Advanced Engineering all reached the daily limit.
PSMC was the most actively traded stock, with 497,000 lots, or 497 million shares, exchanged. Walton extended its winning streak to six sessions, with a cumulative gain exceeding 65%.
Among printed circuit board manufacturers, Gold Circuit Electronics hit the limit at the open, while Genius Electronic Optical also traded strongly. PCB upstream fiberglass producers advanced across the board, with Taiwan Glass, Nan Ya Plastics, Fulltech Fiberglass, Baotek Industrial Materials, and Glotech Industrial all hitting the daily limit.
PCBs serve as the foundation for electronic components, enabling current and signal transmission through copper foil circuits. Fiberglass is commonly used in PCB substrates to provide insulation, heat resistance, and structural strength, according to SinoPac Securities.
Universal Microwave Technology, a supplier of components for low-Earth orbit satellites and high-frequency communication systems, reported at its investor conference that it has secured more than NT$1 billion in LEO satellite orders. The company projected stronger performance this year compared to last year, and its stock hit the daily limit at NT$463.5 during trading.
LEO satellites operate in orbits close to Earth, offering low latency and faster data transmission than those in higher orbits. Their applications span communications, telemetry, navigation, meteorology, scientific research, and defense, according to the Taiwan Network Information Center.
In the telecommunications and networking sector, Accton Technology touched NT$999 intraday before closing up 0.41% at NT$983. Sercomm advanced 2.33% to NT$83.6.
Concord Securities Investment Director Liao Chi-hung (廖繼弘) said investment in artificial intelligence continues to expand, supported by government-led AI initiatives. However, he cautioned that major US financial institutions have warned of potential market corrections due to valuation risks, high capital spending, and uncertain profit realization in the AI sector.
Liao noted that while the TAIEX may see short-term pullbacks may occur after recent gains, the broader uptrend remains intact. He said Taiwan’s corporate earnings are stable and that sector rotation reflects healthy market consolidation.
He recommended that investors pay attention to developments in US tariffs and potential Federal Reserve rate cuts later this year. Sectors and stocks linked to TSMC, Foxconn, Delta Electronics, and areas such as 2-nm technology, testing, cooling, memory, and PCBs were cited as potential focus areas.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
