TAIPEI (Taiwan News) — The Taiwan stock market extended its rebound Thursday as traditional industry stocks led gains.
The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) closed up 155.02 points at 23,316.6. Turnover totaled NT$331.6 billion (US$10.1 billion), per CNA.
Traditional industry stocks were the session’s top performers, with the plastics sector rising 1.62%. Formosa Plastics, Nan Ya Plastics, and Formosa Chemicals & Fiber climbed despite market fluctuations.
Cable and paper stocks added more than 1%. Machinery and rubber stocks advanced over 2%, and glass stocks rose 6.56%.
In the robotics sector, Aurotek hit its daily limit of NT$132 during trading, reaching a record high before closing at NT$131.5. The rally also lifted other robotics-related stocks, including TBI Motion Technology and Hiwin Mikrosystem.
Aurotek’s stock price has soared 352% since last year, fueled by its expansion into the robotics industry. On Jan. 3, it surpassed the NT$100 mark, closing at NT$103, and climbed further Thursday, according to Yahoo stock.
TSMC gained NT$5 to close at NT$1,115, contributing 40 points to the TAIEX. Other major electronics stocks, including Foxconn, Quanta Computer, and Delta Electronics, also saw gains, pushing the electronics sector index up 0.54%.
In the battle for Taiwan’s highest-priced stock, Aspeed Technology strengthened its lead Thursday after a brief challenge from Alchip Technologies on Wednesday. Aspeed rose 4%, surpassing NT$3,500, while Alchip dropped, widening the gap between the two, per CTEE.
Yageo announced a public tender offer to acquire Japan-listed Shibaura Electronics at ¥4,300 (NT$929) per share. US-based foreign investors responded positively, maintaining a “buy” rating for Yageo with a target price of NT$700.
Foreign research reports typically categorize stocks as “outperform,” “neutral,” or “underperform,” translating to “buy,” “hold,” and “sell” recommendations. Target prices are based on company earnings projections and are typically met 50% of the time.
Yageo's stock rose in early Thursday trading following the announcement.
Huang Kuo-wei (黃國偉), Mega International vice president, said the market continued higher after surpassing key moving averages Wednesday. However, he cautioned that the rebound was accompanied by declining volume, signaling a weaker volume-price structure, making future market trends uncertain.
Investors remain focused on US trade policies under President Donald Trump, which could influence market sentiment in the near term, Huang added.
*This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.*
