TAIPEI (Taiwan News) — Taiwan’s benchmark stock index turned higher Tuesday as investors remained cautious ahead of Nvidia’s earnings report.
The Taiwan Stock Exchange Capitalization Weighted Index (TAIEX) fell more than 500 points earlier in the session before recovering to close at a session high. It ended up 407.14 points, or 0.91%, at 45,169.46, according to Taiwan Index Plus and CTEE.
Turnover totaled NT$696.1 billion (US$21.8 billion). The total market capitalization of listed companies stood at NT$147.66 trillion, according to the Taiwan Stock Exchange.
TSMC was the only gainer among the market’s most heavily weighted stocks, rising 1.05% to close at NT$2,400.
MediaTek fell 0.8% to NT$3,735. Foxconn closed at NT$243, down 0.21%, Delta Electronics fell 1.44% to NT$1,710, and ASE declined 0.17% to NT$591, according to Anue.
Aiptek ended its run of 11 consecutive limit-up sessions. The digital camera maker was placed under trading restrictions after its closing price rose 59.24% over the previous six trading days, according to CMoney.
Optical communications stocks moved higher. Ezconn, Visual Photonics Epitaxy, and LuxNet hit their daily limits, while LandMark Optoelectronics rose 7.05% and Browave gained 5.91%.
The gains reflected expectations of stronger orders as demand for AI computing grows. Server and data center upgrades are increasing requirements for transmission speeds, bandwidth density, and power efficiency, directly benefiting manufacturers of optical communications components and modules, according to CMoney.
As buying in technology stocks eased, funds shifted toward financial stocks. Fubon Financial Holding led the sector, gaining 7.2% to NT$141.5.
Cathay Financial Holding rose 4.15% to NT$103. CTBC Financial Holding, E.Sun Financial Holding, KGI Financial Holding, Taishin Shin Kong Financial Holding, First Financial Holding, and Hua Nan Financial Holdings also moved higher.
Biotechnology stocks gained as the annual Bio Taiwan Committee meeting continued. AmCad BioMed hit its daily limit for the third consecutive session.
Pell Bio-Med Technology hit its daily limit at a record NT$1,355. Ma Kuang Healthcare Holding, Visco Vision, Gongwin Biopharm Holdings, Bora Pharmaceuticals, and PhytoHealth also rose.
Funds also shifted toward shipping stocks, with major container shipping companies continuing to draw attention. Yang Ming Marine Transport ranked first in trading volume but closed down 1.4%, while Wan Hai Lines gained 1.61%.
Among bulk shippers, U-Ming Marine Transport gained 7.88%, while Sincere Navigation and Shih Wei Navigation also moved higher.
Analyst Tsai Cheng-hwa (蔡正華) said Tuesday’s market rose on higher trading volume, indicating stronger buying interest despite continued caution among investors. Some stocks were beginning to attract funds, and Wednesday’s session could indicate whether the gains can be extended.
Huang Hsiang-tzu (黃相慈), manager of the E.Sun Global 100 ETF, said buying had recently expanded beyond large technology companies to financial, industrial, and healthcare stocks benefiting from improving economic conditions and earnings. She recommended exchange-traded funds investing across industries and markets to provide greater diversification.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
