TAIPEI (Taiwan News) — Taiwan’s stock market moved higher on Tuesday, with early strength in technology shares briefly lifting the market above the 27,000-point threshold before profit-taking moderated the advance.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 407.93 points to close at 26,912.17. Turnover totaled NT$475.7 billion (US$15 billion), according to CNA and CTEE.
TSMC rose 2.91% to NT$1,415 after reports that it plans to build three additional 2-nm fabrication plants in Taiwan. Foxconn edged 0.45% lower to NT$219.
Mediatek climbed 3.04% to NT$1,185, supported by Alphabet’s gains, which boosted sentiment toward suppliers of application-specific integrated circuits, or customized chips built for defined functions. Delta Electronics added 1.9% to finish at NT$910.
Aspeed Technology, the TAIEX’s highest-priced stock and a leading global supplier of baseboard management controller chips, eased after reaching a record intraday high of NT$6,840. It ended 1.17% lower at NT$6,330.
Chair Lin Hung-ming (林鴻明) said Monday that improving supply-chain conditions have led to stronger-than-expected shipments, prompting the company to raise its quarterly outlook. He expects operations to peak this year, with order visibility extending into the second quarter of next year, according to CTEE.
Global Unichip closed limit-up at a record high of NT$2,175, leading gains among integrated circuit design companies. Ememory Technology, Asmedia Technology, Faraday Technology, PixArt Imaging, M31, and Silergy also advanced.
Memory-chip stocks dominated turnover as concerns over tight supply continued to draw interest. Winbond Electronics, Nanya Technology, and PSMC rose 5.31%, 0.35%, and 3.74%, respectively, with trading volumes of 218,000, 194,000, and 173,000 lots.
Ezconn, an optical component and connector supplier, gained 6.5% to NT$1,310, marking its fourth consecutive record close. Institutional investors have been net buyers since Oct. 27.
President Capital Management Chair Li Fang-kuo (黎方國) said the Taiwan dollar’s continued depreciation has raised concerns about potential capital outflows. Increased use of borrowed funds for stock purchases has also added to investor caution.
PGIM High Growth Fund Manager Liao Ping-kun (廖炳焜) said current market sentiment is supported by expectations of a recovery in the memory sector and sustained long-term growth in artificial intelligence-related demand. Major chip and assembly suppliers have indicated that AI orders remain steady through the fourth quarter and into next year.
With global AI demand expected to remain firm, Liao said the TAIEX could continue to edge higher and may have an opportunity to approach new highs before year-end.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
