TAIPEI (Taiwan News) — Taiwan’s stock market on Monday set intraday and closing records above the 43,000-point mark.
The Taiwan Capitalization Weighted Stock Index (TAIEX) reached an intraday high of 43,645.78. It closed at 43,644.4 points, up 1,376.43 points, marking the fifth-largest closing-point gain on record, according to CNA and CTEE.
Turnover totaled NT$1.3 trillion (US$41.3 billion). Market capitalization of listed companies stood at NT$142.36 trillion, compared with NT$137.88 trillion on Friday, according to the Taiwan Stock Exchange.
TSMC rose 2.44% to NT$2,310. MediaTek closed at its daily limit of NT$4,245, as the market priced in expectations of a 10-fold revision of potential revenue contribution from its application-specific integrated circuits segment, according to Business Today.
Delta Electronics added 9.31% to NT$2,290. Foxconn gained 4.4% to NT$261.
The number of stocks priced above NT$1,000 briefly reached 51 during the session before closing at 50. Printed circuit board maker Unimicron Technology rose 2.06% to NT$990 after intraday trading above NT$1,000.
Passive components remained strong, with Yageo hitting its daily limit at NT$691. Other limit-up firms included Walsin Technology, Nichidenbo, Prosperity Dielectrics, and Taiwan Chinsan Electronic Industrial.
The Yuanta/P-shares Taiwan Top 50 ETF (0050), the oldest and largest exchange-traded fund on the TAIEX, rose above NT$100 for the first time following its 1-for-4 stock split in June last year. The split reduced its price from NT$188.65 to NT$47.16 to lower entry barriers for investors before its subsequent rebound.
AI-related sentiment was further supported by recent industry developments, including Nvidia CEO Jensen Huang’s (黃仁勳) expected dinner with major Taiwanese supply chain executives. MediaTek, Lite-On Technology, Compal Electronics, Inventec, and Acer all closed at daily limits.
SpaceX’s filing in the US for an initial public offering also boosted sentiment toward the low Earth orbit satellite sector. Related companies including Kinpo Electronics, Taiwan Union Technology, AcBel Polytech, and GemTek Technology all hit limit-up.
The market’s rally was driven by multiple factors, including easing geopolitical tensions in the Middle East, which pushed oil prices to a two-week low, and reduced inflation concerns. The upcoming Computex technology show, along with optimistic outlooks from Nvidia CEO Jensen Huang and AMD CEO Lisa Su (蘇姿丰) on AI development, also supported sentiment, according to Business Today.
Analyst Kuo Kung-ko (郭恭克) said the market is no longer purely liquidity-driven, but instead reflects a global revaluation of Taiwan’s technology sector.
He added that as participation broadens, volatility is likely to increase and outlined three key risks that could heighten market fluctuations: a delay in US Federal Reserve rate cuts or a shift back toward tightening, which would strengthen the dollar and draw capital back to the US; AI capital expenditure falling short of expectations; and short-term foreign investor profit-taking leading to pullbacks in equities and foreign exchange markets.
Kuo advised investors to maintain a long-term bullish outlook while managing short-term risks. He identified key areas within the AI supply chain, including semiconductors, ASICs, advanced packaging, AI servers, thermal solutions, and high-speed connectivity.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
