TAIPEI (Taiwan News) — Taiwan’s stock market climbed Wednesday, with the benchmark index marking its second-largest single-day closing gain as easing Middle East tensions lifted global investor sentiment.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, climbed 1,451.83 points to close at 33,174.82, with turnover totaling NT$616.1 billion (US$19.1 billion). All sectors advanced except for paper stocks, which fell 3.2% after recent gains, according to CNA.
TSMC rose 5.4% to NT$1,855. Delta Electronics added 6.88% to NT$1,475, Foxconn gained 5.07% to NT$197, while MediaTek declined 1.68% to NT$1,465.
Panel stocks rallied ahead of Taiwan’s largest display technology event, Touch Taiwan. AUO hit the daily limit-up, while Innolux rose 5.03% with the session's highest trading volume.
Companies involved in Ajinomoto-built films, pressured in the previous session, rebounded. Nan Ya Printed Circuit Board and Unimicron reached daily price limits at NT$574 and NT$488.5, respectively.
Kinsus Interconnect Technology advanced 6.07% to NT$332. ABFs are key materials in semiconductor manufacturing, connecting chips to printed circuit boards which serve as the foundation for all electronic components.
Memory stocks recovered after several days of heavy selling. Macronix International, Innodisk, Silicon Power, Adata, Apacer, and Phison Electronics all hit limit-ups.
Nanya Technology, Transcend, Team Group, and Powertech gained more than half their daily limit-ups. Winbond Electronics and PSMC also closed higher with over 100,000 lots, or 100 million shares, traded.
In the photonics sector, Msscorps led gains, hitting a limit-up. Fiber Optic Communications, Browave, LandMark Optoelectronics, Ezconn, and LuxNet also advanced.
Mega International Vice President Huang Kuo-wei (黃國偉) said the rally reflects optimism over easing US–Iran tensions. However, he cautioned that developments in the Strait of Hormuz, US Federal Reserve policies, global oil prices, and tech stock valuations will continue to influence the market.
Huang Wen-ching (黃文清), vice president of Taishin Securities Investment Advisory, said AI-related stocks show strong potential, citing expected third-quarter shipments for Nvidia Rubin Ultra products and anticipated second-quarter demand for Taiwanese AI components. He added that traditional industries could see short-term trading opportunities tied to geopolitical developments.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
