TAIPEI (Taiwan News) — Taiwan’s stock market on Wednesday recorded the second-largest single-day closing point gain in its history, as investor sentiment improved following a temporary US-Iran ceasefire.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, rose 1,531.56 points to close at its session high of 34,761.38. The increase was second only to the 1,608.27-point gain recorded on April 10 last year, according to CNA and CTEE.
Turnover totaled NT$856.26 billion (US$27 billion), up from NT$564.34 billion in the previous session. The session also marked the first time that 40 stocks traded above NT$1,000 per share.
TSMC rose 4.84% to NT$1,950, contributing about half of the index’s gain. Foxconn climbed 4.95% to close at NT$201.5, returning above the NT$200 level.
Delta Electronics rose to its daily limit at NT$1,665, a record high. MediaTek gained 7.48% to NT$1,580.
A total of 14 stocks priced above NT$1,000 reached their daily limit, including Winway, Lotes, and Chroma Ate Mpi also hit limit-up at NT$4,310, surpassing NT$4,000 for the first time.
Aspeed Technology, the highest-priced stock on the TAIEX, rose to its limit-up at NT$12,615. The fabless integrated circuit designer’s share price marked a record high for the index.
Memory-related stocks moved higher after reporting improved revenue following recent declines. Innodisk, Macronix International, Albatron Technology, Apacer Technology, and Silicon Power Computer and Communications all closed at their daily limits.
Nanya Technology rose 8.25% to NT$223. Transcend Information, PSMC, Adata Technology, and Winbond Electronics each gained more than 6%.
Printed circuit board makers, including Unimicron Technology, Topoint Technology, and Elite Material also reached their daily limits. Tight supply conditions may persist in the coming years, with some customers seeking long-term agreements, according to FTNN.
JPMorgan maintained a positive outlook on Unimicron. It has assigned a target price of NT$734, compared with the Wednesday closing price of NT$620.
Thermal solution providers reflected continued demand driven by artificial intelligence applications, with Asia Vital Components and Auras Technology both reaching their daily limits. The strength in share prices followed record March revenue reported by Asia Vital Components, Fositek, Auras, and Jentech Precision Industrial.
Taishin Securities Investment Advisory Deputy General Manager Huang Wen-ching (黃文清) said the market generally expects the situation in the Middle East to remain under control in the near term. The two-week ceasefire between the US and Iran led investors to expect a period of relative stability, supporting equities.
Huang said the market is likely to trade within a range in the near term, with foreign investor activity remaining a key factor. Huang expects TSMC's earnings conference next week to be closely watched, and he said a positive outlook along with stable April revenue could help the index maintain relatively firm levels.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
