TAIPEI (Taiwan News) — Taiwan’s stock market on Wednesday recorded the seventh-largest closing point gain on record as funds rotated back into electronics, financials, and most traditional sectors.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 826.87 points to close at 33,439.11, returning above its five-day moving average. Turnover fell to NT$624.7 billion (US$19.5 billion), according to CNA and CTEE.
TSMC gained 1.93% to NT$1,845, contributing about 278 points to the index. Delta Electronics rose 9.54% to NT$1,550, lifting its market capitalization above NT$4 trillion.
Foxconn added 2.56% to close at NT$200. MediaTek finished unchanged at NT$1,620.
Semiconductor equipment companies attracted strong buying interest. Grand Process Technology led the group, rising more than 12% over the past three sessions, while Scientech, All Ring Tech, Gallant Micro Machining, and C Sun closed at their daily limit.
Cleanroom engineering contractor L and K Engineering rose 3.48% to NT$654. The company has recently attracted foreign investor buying and has risen for nine consecutive sessions, gaining about 25% during the period.
Aspeed Technology, the market’s most expensive stock, rose 5.41% to NT$11,500. Several shares priced above NT$1,000 closed at their daily limits, including Ememory Technology, Lotes, Ezconn, AblePrint Technology, GoldiLink Technology, Chroma Ate, LandMark Optoelectronics, Universal Microwave Technology, and Gallant Micro Machining.
Memory-related stocks rebounded after recent declines. Elite Semiconductor Microelectronics Technology gained 9.57%, while Adata Technology rose 4.79%.
PSMC increased 3.67% and recorded the market’s highest trading volume at 277,000 lots, or 277 million shares.
Low-Earth-orbit satellite-related stocks were among the most active. Universal Microwave Technology, Win Semiconductors, Compeq Manufacturing, Unitech Printed Circuit Board, and GemTek Technology all closed at their daily limit-up.
Optical communication companies, which play an important role in LEO satellite systems, also advanced. Ezconn, Visual Photonics Epitaxy, Luxnet, PCL Technologies, Accton Technology, LandMark Optoelectronics, LinkCom Manufacturing, Global Communication Semiconductors, Analog Integrations, and ShunSin Technology all finished limit-up.
CTBC Securities Investment Service said that despite the rebound, recent sessions have frequently opened higher and closed lower, suggesting that selling pressure linked to market uncertainty has not been fully absorbed. With trading volume declining, investor confidence remains relatively fragile and short-term market movements may continue to fluctuate, according to CTEE.
Investors are advised to watch whether trading volume increases and if the index can regain key levels. Analysts also noted that developments in the Middle East, oil price trends, and market liquidity are factors worth monitoring.
Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) said a potential US interest rate cut in the second half of the year could encourage foreign funds to return. If that happens, foreign selling pressure may ease and the index could have an opportunity to reach a new record high in April.
Looking ahead, Huang added that artificial intelligence will remain the market’s main theme. Additional opportunities are expected in advanced packaging, optical communications, LEO satellites, and specialized memory segments.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research before making investment decisions.
