TAIPEI (Taiwan News) — Taiwan’s stock market closed at a record high on Friday, supported by buying in artificial intelligence and semiconductor-related stocks.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, gained 556.67 points to finish at 35,417.83. Turnover totaled NT$830 billion (US$26 billion), according to CNA and CTEE.
For the week, the index gained 2,845.4 points. The combined market capitalization of listed companies reached NT$115.55 trillion, up NT$9.26 trillion from the previous week, according to CNA.
TSMC rose 2.3% to NT$2,000 ahead of its earnings conference next week, providing key support to the broader market. Delta Electronics gained 5.47% to NT$1,735, Foxconn added 0.25% to NT$200.5, while MediaTek closed unchanged.
Semiconductor equipment and materials stocks saw active trading ahead of TSMC’s earnings outlook. Several stocks, including Cica-Huntek Chemical Technology Taiwan, All-Ring Tech, Scientech, C Sun, and Solar Applied Materials Technology, rose to their daily limit.
Demand related to AI servers and data centers continued to support supply chain stocks. Quanta Computer rose more than 2.5%, Gigabyte Technology increased more than 4.5%, while Asus and Wistron posted modest gains.
Memory stocks rebounded after overnight strength in US-listed Micron. Silicon Power Computer and Communications rose 9.82%, Nanya Technology gained 4.88%, and Winbond Electronics added 2.75%.
Electronic distribution stocks also attracted buying interest, supported by expectations for solid earnings. Topco Scientific rose 9.71%, moving above NT$400, while Edom Technology gained 8%.
Analysts said the session reflected a pattern in which individual stocks outperformed the broader index. More than 60 stocks hit the daily limit, indicating wider investor participation, according to CTEE.
Fubon Research Chair Chen Yi-kuang (陳奕光) said some investors who had taken bearish positions in March moved to cover those positions as the market rose. He added that foreign investors, after earlier selling, have recently resumed buying.
Analysts also noted that the TAIEX is approaching previous highs, while the over-the-counter market strengthened as well, suggesting a shift toward growth-oriented mid- and small-cap stocks. Gains extended beyond AI-related names to include substrates and semiconductor equipment shares.
Chen added that TSMC’s upcoming earnings call is expected to reflect improved profitability. Its share price could potentially test a previous high of NT$2,025, which could provide further support to the broader market.
Turnover, at just over NT$800 billion, remained below earlier peaks of around NT$1.2 trillion, suggesting liquidity has yet to fully match current price levels. Chen added that developments in the Middle East remain a factor influencing market sentiment.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
