TAIPEI (Taiwan News) — Taiwan’s stock market advanced on Monday, with the benchmark index setting new intraday and closing records as large-cap technology stocks led gains amid seasonally limited overseas institutional activity.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 285.62 points to an intraday high of 28,841.41 before closing up 254.87 points at a record 28,810.89. Turnover totaled NT$439.1 billion (US$14 billion), according to CNA and CTEE.
TSMC closed up 1.32% at NT$1,530, marking a record high. Foxconn gained 2.44% to NT$231, Delta Electronics added 0.63% to NT$962, and MediaTek rose 2.53% to NT$1,420.
Aspeed Technology, the highest-priced stock on the TAIEX, recovered from earlier declines to close up 2.45% at NT$7,100.
Optical lens maker Largan Precision extended gains following its announcement of the potentially largest share buyback program on the TAIEX. The stock reached its daily limit of NT$2,620 in early trading, the highest level since March, before ending the session up 4.82% at NT$2,500, according to Yahoo stocks.
Panel makers also drew attention, with Innolux closing at its daily limit-up of NT$14.85 after reporting progress in fan-out panel-level packaging (FOPLP) technology for semiconductor applications and entry into international supply chains. Trading volume reached nearly 370,000 lots, or 370 million shares, the highest among listed stocks.
Auo gained 3.51% on volume of about 205,000 lots, the second highest on the market. FOPLP is an advanced packaging technology that uses square substrates rather than round wafers, making more efficient use of materials and enabling more chips to be packaged at once, according to Business Next.
Artificial intelligence-related stocks saw rotation into printed circuit board names. Fortune Fiber closed up 6.7% at NT$98.8, a record high.
Upstream PCB material suppliers, including Nan Ya Plastics, Taiwan Glass, and Co-Tech Development, also recorded gains. PCBs form the foundation for electronic components, enabling signal and current transmission through copper circuits.
First Capital Management deputy head of research Liu Cheng-yu (留政鈺) said foreign institutional investors typically scale back activity toward year-end. This creates a quieter trading environment that can reduce external volatility.
PGIM Global Resources Fund manager Kuo Ming-yu (郭明玉) noted that stocks favored by domestic institutional investors showed relative strength as foreign participation eased. He added that the index’s ability to remain above its quarterly moving average reflected stable market sentiment, leaving room for further upside before year-end.
MasterLink Securities said expectations of looser US monetary policy and lower tax burdens, along with expanding global investment and technology companies’ continued development of AI infrastructure, support a constructive outlook for equities.
The firm said Taiwan is well-positioned to benefit. It added that the TAIEX may continue to set new highs before year-end, with January performance also worth monitoring.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
