TAIPEI (Taiwan News) — Taiwan’s stock market on Thursday logged consecutive record intraday and closing highs as investors reacted to global market perceptions of reduced geopolitical risk in the Middle East.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 409.88 points to 37,132.02, reaching 37,135.55 during trading. Turnover totaled NT$886.8 billion (US$28.1 billion), according to CNA and CTEE.
TSMC added 0.24% to close at NT$2,085, with trading relatively subdued ahead of its earnings call after market close. MediaTek rose 5.87% to NT$1,895, Delta Electronics gained 3.36% to NT$1,845, while Foxconn declined 0.24% to NT$207, according to Anue.
Marbo Investment Consulting director Tsai Ming-chang (蔡明彰) said major index influencers TSMC and Delta Electronics have seen strong gains this year. Foxconn and MediaTek have lagged in comparison, which Tsai said may contribute to renewed attention, according to Business Today.
Aspeed Technology, the highest-priced stock on the TAIEX, rose 4.36% to NT$14,480. The integrated circuit designer again set a new record for the market’s highest share price, according to CTEE.
IC testing provider WinWay Technology also reached a new high, closing at NT$9,820. Institutional investors noted that shares priced at NT$10,000 were once considered unlikely in Taiwan’s market, but with WinWay also nearing that level, the high-priced segment is drawing increased attention, according to CTEE.
Low-Earth orbit satellite stocks saw gains as aerospace company SpaceX prepares to offer up to 30% of its shares to individual investors, compared with the more typical 5-10%. Kinpo Electronics and WNC rose to their daily limit, while Rapidtek Technologies and Win Semiconductors gained more than 9%, according to Yahoo Finance.
Networking-related stocks, closely tied to LEO satellite applications, also moved higher. LuxNet, Securitag Assembly Group, and Tai-Saw Technology each closed limit-up.
Cooling-related stocks moved higher after companies reported record monthly revenues, supported by demand for high-power AI servers. Auras Technology rose 7.51%, while Jentech Precision Industrial, Asia Vital Components, Sunonwealth Electric Machine Industry, and Foistech posted significant gains.
UMC rose to its daily limit of NT$68.3 on heavy trading volume, exceeding its previous high of NT$67.5. The increase came ahead of its first-quarter earnings conference scheduled for April 29, as investors focused on the company’s positioning in advanced packaging and silicon photonics.
Mega International Investment Services Vice President Huang Kuo-wei (黃國偉) said the TAIEX has already rebounded above pre-Middle East conflict levels. Huang said the market may need new catalysts for further gains, and near-term consolidation is possible after recent records.
Senior analyst Chien Po-yi (簡伯儀) said investor attention remained on earnings calls by TSMC and Largan Precision, particularly their outlooks and capital spending plans. If guidance remains positive, the index may continue to move higher.
TSMC reported record first-quarter revenue of NT$1.13 trillion, exceeding expectations and marking a record high, up 35.1% from a year earlier. Largan Precision reported first-quarter revenue of NT$15.5 billion, up 6.6% year-on-year, also a record high for the first quarter, according to Money Weekly and CNA.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
