TAIPEI (Taiwan News) — Taiwan’s stock market closed higher on Wednesday, supported by overnight gains in US markets and updates on AI demand from Nvidia’s technology conference.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 512.01 points to close at 34,348.58. Turnover totaled NT$897 billion (US$28 billion), according to CNA and CTEE.
TSMC rose 1.87% to NT$1,905 after gains in its US-listed shares. Delta Electronics added 1.74% to NT$1,465, MediaTek gained 1.17% to NT$1,730, while Foxconn declined 0.94% to close at NT$210.
Aspeed Technology, the market’s highest-priced stock, rose 9.05% to NT$12,345 after reaching an intraday high of NT$12,450. The integrated circuit firm set TAIEX records for the highest intraday and closing share prices, according to CTEE.
Several companies linked to Nvidia’s ecosystem also saw strong trading. Memory maker Innodisk closed limit-up at NT$1,280, reaching new highs for three consecutive sessions.
The company presented smart healthcare and smart vehicle applications at the Nvidia conference, integrating its systems with Nvidia’s AI computing platform for edge devices. Edge AI allows AI to run directly on equipment such as medical machines or vehicles, rather than sending data to cloud servers for processing, according to Ikala.
Other memory-related stocks were also active. Macronix International closed limit-up at NT$143.5 with trading volume reaching about 200,000 lots, or 200 million shares.
Winbond Electronics rose 3.64% with heavy volume approaching 300,000 lots. Nanya Technology, PSMC, and Adata Technology also finished higher.
Printed circuit board makers continued their recent gains. Unimicron Technology, Kinsus Interconnect Technology, and Nan Ya Printed Circuit Board rose between 4% and 8%, with analysts expecting the three companies to record double-digit growth this year, according to CTEE.
PCBs serve as the base for assembling electronic components. They are found in devices ranging from smartphones to autonomous driving chips used by Tesla and AI servers in Google's data centers. According to industry research firm Prismark, capital expenditure by Taiwanese PCB companies could reach NT$162.4 billion this year, an annual increase of 63.7% and potentially a record high, according to the Taiwan Printed Circuit Association.
Asrock Rack closed at a limit-up after entering Nvidia’s supply chain. The company, which was listed on Taiwan’s stock exchange on Nov. 19 after trading on the emerging market, develops and sells server motherboards and systems, according to MoneyDJ.
Cathay Securities analyst Tsai Ming-han (蔡明翰) said Taiwanese stocks are already at relatively high levels. However, he added that the market currently lacks a clear leading sector.
External risks, such as tensions in the Middle East and oil price fluctuations, have recently had a limited impact on market sentiment. He said the market has downside support but limited room for further gains unless US equities strengthen.
Taishin Investment Advisory Vice President Huang Wen-ching (黃文清) said themes related to Nvidia’s conference have supported AI-related stocks and that the sector’s fundamentals remain unchanged. However, foreign institutional investors have not returned in large volumes, and overall sentiment remains cautious.
Huang said the TAIEX may continue to trade within a relatively wide range in the near term, with stock selection likely to remain the key focus. Smaller companies tied to Nvidia-related developments and firms with positive earnings outlooks may attract investor attention.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research before making investment decisions.
