TAIPEI (Taiwan News) — Taiwan’s stock market extended its recent gains Tuesday, buoyed by advances in US equities and steady tech performance.
The Taiwan Capitalization Weighted Stock Index (TAIEX) opened higher and held its gains through the session, closing up 160.83 points at 28,310.47. Turnover totaled NT$420.4 billion (US$13.4 billion), according to CNA and CTEE.
TSMC gained 1.71% to close at NT$1,490. Foxconn was unchanged at NT$224, while Delta Electronics fell 1.05% to NT$943 and MediaTek slid 0.71% to NT$1,390.
Memory chip stocks pulled back after recent advances, even as US memory chipmaker Micron reported a 4% gain overnight. Winbond Electronics fell 0.14% to NT$73 on heavy trading of more than 150,000 lots (150 million shares), the third-highest on the TAIEX.
PSMC, which hit its daily limit-up in the previous session, came under selling pressure and ended down 3.58% at NT$39. It snapped a four-session winning streak while posting the day’s highest turnover at 536,000 lots.
Space-related stocks rallied on reports that SpaceX plans an initial public offering next year. Compeq Manufacturing rose to NT$101.5 after climbing more than half of the daily limit-up on turnover exceeding 100,000 lots.
Parpro advanced 6.19% to NT$60. Universal Microwave Technology and Tong Hsing Electronic Industries gained more than 1.48%.
AI-related silicon photonics stocks also outperformed. LuxNet hit its daily limit-up at NT$291.5 after a positive earnings briefing.
Global Communication Semiconductors, First International Computer, Apogee Optocom, and FitTech also reached their limit-ups. Silicon photonics uses photons instead of electrons to transmit signals and is mainly used for short-distance data transmission in data centers, as the industry explores optical alternatives due to the limitations of traditional copper wiring.
Largan Precision added 0.22% to NT$2,245 after announcing the largest share buyback cap on the TAIEX. The optical lens maker plans to repurchase up to 2,670 lots for cancellation by Feb. 11.
Newly listed connector maker Wieson Technologies rose 11.43% to NT$54.60 after debuting at NT$40 per share Monday. Revenue for the first 10 months reached NT$3.4 billion, up 38.9% from a year earlier.
Techman Robot and CSBC introduced the TM3 AI collaborative robot for narrow-space welding in shipbuilding, designed to improve production efficiency and worker safety, according to Sinotrade. Techman hit its daily limit-up at NT$346, while CSBC gained 1.74% to NT$20.5.
Market analysts cited mixed factors shaping near-term trends. Taishin 2000 High Technology Equity fund manager Shen Chien-hung (沈建宏) said some investors may take profits after strong gains, noting that the total amount of money borrowed to buy stocks has exceeded NT$300 billion and the market has risen more than 10,000 points since April.
Analyst Lin Han-wei (林漢偉) said foreign investors are expected to be less active as their markets enter holiday periods, while domestic investors may continue adjusting portfolios toward year-end. AI-related stocks and US market trends remain key focus areas.
Shen also cited upcoming events that could affect interest rate expectations and Taiwan’s market outlook, including a US court ruling on the president’s authority to impose tariffs and the appointment of a new Federal Reserve chair.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
