TAIPEI (Taiwan News) — Taiwan’s stock market rose on Tuesday, led by major technology stocks, though gains eased later in the session.
The Taiwan Capitalization Weighted Stock Index added 221.74 points to close at 27,564.27. Turnover totaled NT$469.7 billion (US$15 billion), according to CNA and CTEE.
TSMC increased 1.42% to NT$1,430. Foxconn ended flat at NT$222, while MediaTek declined 2.08% to NT$1,415.
Delta Electronics advanced 1.64% to NT$989 after announcing Monday its board approved a NT$3.7 billion purchase of the remaining 43.12% stake in its subsidiary Vivotek, according to Ettoday.
Delta offered NT$100 per share in cash, representing a premium of about 16.8%. Vivotek closed at the daily limit of NT$93.6, with more than 100,000 orders queued during trading.
After-hours block trades totaled NT$6.35 billion, a notably high level, according to CTEE. TSMC accounted for most of the activity, with 3,697 lots, or 3.697 million shares, traded for NT$5.3 billion.
Printed circuit board-related companies outperformed the broader market, with Baotek Industrial Materials, Glotech Industrial, Uniflex Technology, and Asia Electronic Material ending at the daily limit. PCBs serve as the foundation for all electronic components, enabling signal and current transmission through copper foil circuits.
Taiwan Glass and Nan Ya Printed Circuit Board each rose more than half the daily limit. They led the day’s volume rankings with 269,000 and 233,000 lots traded, respectively.
Continued demand for specialty fiberglass fabrics used in artificial intelligence applications supported the sector. Nan Ya Plastics, which last week announced a production expansion partnership with Japan’s Nittobo, rose 5.4% to NT$64.4.
Fiberglass fabrics are made from glass-fiber yarns and offer insulation, heat resistance, strength, water repellency and durability. The material is essential for copper-clad laminates, which are then processed into PCBs, according to Sinotrade.
Aside from Nan Ya, several Formosa Plastics Group companies also posted gains. Formosa Plastics increased 3.7% to NT$43.45, Formosa Chemicals and Fiber advanced 5.35% to NT$35.45, and Formosa Petrochemical finished 2.86% higher at NT$53.9.
Analyst Chang Chen-hao (張陳浩) said funds rotated into traditional industries on Tuesday as expectations grow that a Taiwan-US tariff agreement may be finalized. Chang noted that many traditional industry stocks remain below book value, drawing interest from bargain-seeking investors.
Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said Taiwan stocks have recently shown a high correlation with Nvidia’s share price. Concerns about competition from Google’s in-house Tensor artificial intelligence chips had put pressure on Nvidia.
However, the company’s gains on Monday, along with the potential for a rebound in TSMC’s American shares, helped improve market sentiment. He added that rising expectations of a US Federal Reserve rate cut in December also supported Tuesday’s market performance.
PGIM High Growth Fund manager Liao Ping-kun (廖炳焜) advised focusing on stock selection rather than overall market movements. Investors should pay attention to oversold themes and long-term trends, Liao said.
In technology, he highlighted AI supply chains, 2-nm foundry suppliers, integrated circuit design, optical communications, memory and augmented reality or virtual reality headsets. In traditional industries, he pointed to opportunities in biotechnology, specialty chemicals and heavy electrical equipment.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
