TAIPEI (Taiwan News) — Taiwan’s stock market set multiple records on Monday, with the benchmark index closing above 40,000 points for the first time.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose a record 1,778.51 points to close at 40,705.14. During trading, the index reached a new intraday high of 40,755.52, according to CNA and CTEE.
Turnover totaled NT$1.07 trillion (US$33.8 billion). Total market capitalization of listed companies reached NT$133 trillion, according to the Taiwan Stock Exchange.
TSMC rose 6.56% to NT$2,275, adding more than 1,192 points to the TAIEX. The company’s market capitalization returned to about NT$60 trillion after three consecutive sessions of declines.
MediaTek reached its daily limit-up, closing at NT$2,870 after several foreign brokerages lifted target prices. The fabless chip designer reported first-quarter results slightly above expectations and raised its full-year outlook for custom AI chip revenue.
Delta Electronics rose 2.54% to NT$2,220. Foxconn gained 3.64% to close at NT$227.50.
Aspeed Technology, the highest-priced stock on the TAIEX, rose 6.49% to NT$17,545. Other shares priced above NT$1,000, including Global Unichip, Keystone Microtech, and Universal Microwave Technology, reached their daily limits.
The silicon wafer sector advanced, signaling capital flows returning to upstream semiconductor materials. Formosa Sumco Technology hit the daily limit, while GlobalWafers rose 4.48%.
Institutional investors said the industry remains in an early recovery stage, with demand and profitability yet to fully strengthen. As inventories continue to ease, a gradual pickup in downstream orders is expected to support pricing, according to CTEE.
The packaging and testing sector moved higher. ASE Technology, King Yuan Electronics, Ardentec, and Powertech Technology all reached their daily limits, while ChipMos rose 9.6%.
Advanced chip packaging is seeing increased demand as high-performance chip requirements grow. ASE, Powertech, and King Yuan plan combined capital expenditure of up to NT$370 billion this year, with investment plans revised higher and set to hit record highs for a third consecutive year, according to CTEE.
Testing equipment-related stocks also saw gains. Keystone Microtech and Chunghwa Precision Test hit limit-ups, while Chroma ATE rose 8.96% and Hon Precision gained 8.8%.
The optical communications sector strengthened, with Browave, LuxNet, and Apac Opto Electronics all reaching their daily limits. Analysts said expanding AI computing demand is supporting upgrades in data transmission and communications equipment, according to ETtoday Finance.
Analysts said the TAIEX remains technically strong with no clear near-term resistance, supported by rising trading volume. They added that the index still has room to move higher in the short term.
Market focus is expected to shift to April revenue and first-quarter results as investors assess corporate growth momentum. Fuh Hwa Taiwan Future 50 Active ETF manager Lu Hong-yu (呂宏宇) said Taiwanese stock valuations are currently reasonable, with attention likely staying on technology upgrades and companies with stable earnings growth.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
