TAIPEI (Taiwan News) — Taiwan’s stock market recovered Wednesday after briefly falling below 32,000 points.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, gained 94.45 points to close at 32,289.81. Turnover totaled NT$685.4 billion (US$21.7 billion), according to CNA and CTEE.
Most large-cap technology stocks opened under pressure, with Foxconn turning positive and helping lift the market. Foxconn closed up 1.15% at NT$219.
TSMC ended down 0.83% at NT$1,785, while Delta Electronics fell 0.41% to NT$1,210. MediaTek edged up 0.28% to NT$1,800.
Aspeed Technology, the highest-priced stock on the TAIEX, reached an intraday record of NT$9,855. It closed 1.53% lower at NT$9,640.
Other high-value stocks, including Chunghwa Precision Test Technology, Elite Material, Lotes, Universal Microwave Technology, LandMark Optoelectronics, and Syntec Technology, each increased more than 3%. The market set a new record with 33 stocks trading above NT$1,000.
Lite-On Technology and Chicony Power Technology rose after the companies were identified as suppliers in SpaceX’s Starlink low-Earth orbit satellite program. Reports indicate SpaceX has filed with the US Federal Communications Commission to deploy an orbital data center constellation involving up to one million Starlink satellites, according to SpaceNews.
Panel makers attracted attention as higher liquid-crystal display prices and industry transformation contributed to gains. Innolux reached its daily limit-up at NT$23 and recorded the highest trading volume of the session.
AUO also hit its limit-up at NT$15.15. HannStar Display closed up 7.01% after reaching limit-up intraday.
Memory stocks showed improvement, led by Nanya Technology, which closed up 6.31%. Macronix International rose 6.15% and PSMC reached its limit-up, both ranking among the top five in trading volume.
Elite Semiconductor, Adata Technology, Winbond Electronics, and Phison Electronics also advanced. The memory sector has benefited from expectations of higher prices due to previous chip shortages and cyclical demand recovery.
However, recent reports that China’s Yangtze Memory Technologies may bring new NAND flash capacity online sooner than expected have moderated gains in recent sessions, according to UDN Money.
The glass and ceramics sector performed strongly, led by Taiwan Glass, which rose 7.49%. Huge Glass, Champion Building Materials, and Caesar also recorded increases, reflecting significant investor interest.
Despite the rebound on Wednesday, analysts observed that cautious trading indicates limited appetite for higher prices. The weighted index remained firm, though a broader advance would require higher trading volumes, according to CTEE.
On Jan 20., US President Donald Trump nominated former Federal Reserve official Kevin Warsh as the next Fed chair. Mega International Investment Services Deputy General Manager Huang Kuo-wei (黃國偉) said Warsh’s nomination, with expectations of tighter US monetary policy, has added to market volatility.
Allianz Global Investors’ Taiwan stocks team said recent market movements reflect profit-taking and portfolio rotation following rapid gains. January saw the TAIEX climb more than 3,000 points, the strongest gain historically for that month.
With global growth expected to be moderate and major central banks keeping interest rates low, the market environment remains favorable. The team forecasts corporate earnings growth exceeding 20% this year, with electronics, financials, and traditional industries all showing positive trends.
They anticipate a period of consolidation, with potential volatility leading up to the 11-day Lunar New Year market closure beginning Feb. 11, according to CNA.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
