TAIPEI (Taiwan News) — Taiwan’s stock market rose to new highs on Wednesday, tracking gains on Wall Street, with the benchmark index briefly moving above the 37,000-point mark during the session.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, closed up 426.02 points at 36,722.14, after reaching an intraday high of 37,064.16. Turnover totaled NT$982 billion (US$31.1 billion), according to CNA and CTEE.
TSMC rose 1.22% to close at a record NT$2,080, after setting an intraday high of NT$2,100. The chipmaker contributed roughly 200 points to the index’s advance.
Delta Electronics reached an intraday record of NT$1,835 before ending at NT$1,785, up 2%. MediaTek gained 4.07% to NT$1,790, while Foxconn ended flat at NT$207.5.
High-priced shares remained in focus, with 42 stocks trading above NT$1,000 during the session and 41 maintaining that level at the close. Aspeed Technology, the market’s most expensive stock, rose 6.69% to NT$13,875.
WinWay Technology gained 7.02% to NT$9,065, approaching the NT$10,000 mark. Chroma Ate, V5 Technologies, Grade Upon Technology, and All Ring Tech, hit their limit-ups.
Passive component makers also moved higher following reports of price increases by overseas peers. Tai-Saw Technology, Honey Hope Honesty, Polytronics Technology, Max Echo Technology, Yageo, Viking Tech, Prosperity Dielectrics, and Lelon Electronics ended the session higher.
Passive components are electronic components that provide passive functions supporting the operation of active electronic components, such as inductors that help suppress noise and stabilize power supply. Japanese suppliers Murata Manufacturing has already implemented price increases, while Taiyo Yuden has also announced price hikes on select products, according to Sinotrade and MoneyDJ.
In contrast, memory stocks came under pressure. Macronix International fell more than 8%, while Winbond Electronics, Nanya Technology, and PSMC declined between 2% and 4%.
Taishin Securities Investment Advisory President Huang Wen-ching (黃文清) said market participants are speculating that conflicts in the Middle East have eased. Investor attention is now shifting to TSMC’s upcoming investor conference on Thursday, where positive guidance could provide further support to the broader market.
He added that upcoming corporate earnings reports in Taiwan and the US, as well as capital expenditure plans by cloud service providers, will be closely watched. Huang noted that capital is currently concentrated in artificial intelligence-related sectors and advised investors to focus on fundamentally strong companies in areas such as optical communications, semiconductors, advanced manufacturing, and servers.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
