TAIPEI (Taiwan News) — Taiwan’s stock market continued its record streak on Tuesday, following the benchmark index’s close above 32,300 points in the previous session.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 253.4 points to close at 32,317.92, after reaching an intraday high of 32,428.17. Turnover totaled NT$793.5 billion (US$25.3 billion), according to CNA and CTEE.
TSMC touched its previous intraday high of NT$1,785 before closing up 1.42% at NT$1,780, marking a record closing price. Foxconn added 0.67% to NT$225.5, MediaTek rose 0.28% to NT$1,775, and Delta Electronics increased 1.63% to NT$1,250.
The memory sector showed mixed results, reflecting ongoing chip shortages and related price adjustments. Winbond Electronics rose more than 2%, Macronix International remained unchanged, while Nanya Technology declined over 3%.
Silicon photonics companies saw positive trading. Ezconn, Browave, IntelliEpi, and TrueLight hit daily trading limit-ups, while Apac Opto Electronics, Pcl Technologies, and Mpi recorded moderate gains.
Silicon photonics is becoming an important technology in the semiconductor industry, enabling faster data transmission. It is expected to improve performance in communications, computing, and sensing applications, according to National Yang Ming Chiao Tung University.
Leaders in Ajinomoto Build-up Film substrates also saw continued momentum. Kinsus Interconnect Technology reached its daily limit-up early in the session, while Unimicron Technology and Nan Ya Printed Circuit Board rose more than 6% each.
Since the start of the year, Nan Ya has increased 64%, Unimicron 61%, and Kinsus 43%. ABF is a heat-curing epoxy film developed by Japan’s Ajinomoto that acts as an insulating layer in semiconductor packaging, allowing manufacturers to stack multiple circuit layers for advanced chips, according to Pocket Securities.
Pandemic-related stocks posted gains following an outbreak of the Nipah virus in India. Companies including Universal, Maobao, Radiant Innovation, Medigen Vaccine Biologics, Abnova, Kang Na Hsiung, and Medtecs reached their daily limit-ups.
Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) attributed the market’s strength to solid fundamentals and positive signals from TSMC’s recent investor briefing. He said more major companies, including Microsoft, Amazon, Google, and Meta, are expected to release annual outlooks soon, supporting overall market sentiment.
Huang also noted that local investment has strengthened domestic momentum, reducing reliance on foreign investors. He said short-term US interest rate changes are expected to be limited, while potential rate cuts later in the year could encourage capital inflows.
With the Lunar New Year holiday approaching, Huang cautioned that investors may face profit-taking pressure. However, as long as stocks avoid significant declines accompanied by unusually high trading volume, the overall upward trend could continue.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
