TAIPEI (Taiwan News) — Taiwan’s stock market on Monday recorded the second-largest intraday gain in history, lifted by investor optimism that Middle East tensions may ease.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose as much as 1,490.8 points in early trading. It closed up 844.06 points at 33,672.94, the fifth-largest single-day increase on record, according to CNA and CTEE.
Total turnover declined to NT$760.4 billion (US$24 billion). The market capitalization of listed companies increased by NT$2.75 trillion.
TSMC regained the NT$1,900 mark, up 1.88%. Delta Electronics rose 6.37% to NT$1,335, MediaTek gained 3.2% to NT$1,775, and Foxconn increased 3.23% to NT$224.
Aspeed Technology, the most expensive stock on the market, reached its daily limit-up, closing at NT$9,520. Its strong performance lifted confidence in high-priced semiconductor stocks, with other shares above NT$1,000, including Asmedia Technology, United Integrated Services, and Horng Terng Automation, also hitting limit-ups, according to Sinotrade.
Electronics distributors saw continued buying interest. Wt Microelectronics rose 7.93% to NT$211, and Supreme Electronics added 8.64% to NT$70.4.
Memory stocks rebounded following losses in the previous session. Nanya Technology, Macronix International, and Formosa Advanced Technologies reached limit-ups, while Winbond Electronics, Apacer Technology, Adata Technology, and Innodisk also posted gains.
In contrast, the oil, electricity, and gas sector, which had recently advanced due to rising crude prices linked to Middle East tensions, faced selling pressure. Formosa Petrochemical fell 6.47% to NT$56.4.
Shipping stocks also declined as traders weighed the possibility of freight rate adjustments if geopolitical pressures on shipping routes change. Evergreen Marine decreased 0.72% to NT$208, Wan Hai Lines fell 3.44% to NT$78.7, and Yang Ming Marine Transport slipped 5.66% to NT$60.
Analyst Hsieh Chen-yen (謝晨彥) noted that current market movements reflect revaluation, influenced by oil prices, inflation, and policy expectations, rather than short-term trading patterns. He advised investors to monitor energy trends and capital flows, while remaining attentive to short-term fluctuations, according to CTEE.
Wei Yung-hsiang (魏永祥), manager of the Taishin Taiwan Growth Dominance Active ETF, said market attention remains focused on the potential resolution of US-Iran tensions, the timing of diplomatic dialogue, developments in Iran’s leadership transition, and the resumption of normal shipping through the Strait of Hormuz.
Looking ahead, Wei said long-term demand for sectors such as artificial intelligence supply chains remains strong. However, the amount of funds borrowed to buy stocks is near a multi-year high, and the TAIEX is close to historical peaks, which could lead to further short-term price corrections.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research before making investment decisions.
