TAIPEI (Taiwan News) — Taiwan’s stock market declined on Wednesday, influenced by weaker regional markets and concerns over a warning from Iran that a prolonged conflict with the US and Israel could have serious global economic consequences.
The Taiwan Capitalization Weighted Stock Index (TAIEX) fell 532.33 points to close at 33,581.86. Turnover totaled NT$754.8 billion (US$23.8 billion), according to CNA and CTEE.
TSMC retreated 2.84% to NT$1,885, reducing the TAIEX by 441 points. Delta Electronics declined 2.14% to NT$1,370, Foxconn dropped 2.05% to NT$214.5, while MediaTek inched up 1.13% to NT$1,785.
Aspeed Technology, the highest-priced stock on the TAIEX, reached an intraday high of NT$10,585, setting a new record for the exchange’s highest-priced share. The integrated circuit design company ended up 4.38% at NT$10,495, also setting a record closing price.
Innodisk rose 3.52% to NT$1,030, bringing the total number of TAIEX-listed companies priced above NT$1,000 to 38. However, most memory stocks recorded losses, including Nanya Technology, Winbond Electronics, and Macronix International.
Display panel maker Innolux rose 8.75% to NT$32.95 on heavy turnover of 1.6 million lots, or 1.6 billion shares, supported by reports of Nvidia orders for optical communication components. AUO increased 3.6% on a volume of nearly 600,000 lots.
Pegatron reached its daily limit-up, closing at NT$77.1, following positive guidance in its earnings briefing. The electronics manufacturer projected a tenfold increase in AI-related shipments this year.
Senior analyst Chien Po-yi (簡伯儀) said the market’s decline reflected geopolitical tensions in the Middle East, a weaker external environment, and cautious trading. He added that the index is likely to remain in a short-term consolidation phase, according to CTEE.
Mega International Investment Services Deputy General Manager Huang Kuo-wei (黃國偉) added that oil price fluctuations driven by Middle East developments are affecting global markets. He advised investors to focus on geopolitical events.
Chien noted that despite the decline, Taiwan’s market found support and recovered from intraday losses, with funds concentrated in thematic stocks. He suggested investors consider buying dips in companies with strong first-quarter outlooks and those linked to Nvidia’s GTC conference scheduled for next week.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research before making investment decisions.
