TAIPEI (Taiwan News) — Taiwan’s stock market closed higher Monday, fueled by TSMC's rebound and gains in both high-priced electronics and traditional sectors.
The Taiwan Stock Exchange Capitalization Weighted Stock Index or TAIEX closed up 352.72 points at 23,505.33. Turnover totaled NT$363.4 billion (US$11 billion), per CNA and CTEE.
TSMC gained NT$25 (76 cents) to close at NT$1,085, contributing 201 points to the TAIEX. Related concept stocks, including Xintec, Global Unichip, and Episil Technologies, saw gains of more than 7%, while Mirle Automation, Formosa Sumco Technology, and Advanced Echem Material rose over 5%.
Tesla CEO Elon Musk’s xAI is reportedly in talks with Dell Technologies for an AI server supply deal worth over US$5 billion. This news boosted the stock performance of Dell’s Taiwanese suppliers, with Foxconn rising 2.53% to NT$182.5, while Inventec, Mitac, and Wistron also closed higher.
Apple is expected to unveil the iPhone SE4 on Feb. 19, sparking a surge in optical lens stocks. Young Optics jumped to a limit-up, while Asia Optical and Largan Precision saw gains of over 2%.
As major memory manufacturers like Samsung, SK hynix, and Micron transition to high bandwidth memory production (HBM), Taiwanese dynamic random access memory (DRAM) related companies are expected to benefit from product shortages. Nanya Technology and Winbond Electronics climbed over 6%, with Winbond releasing more than 220,000 shares in a large-volume trade.
HBM is a memory interface engineered for high-speed computing, capable of managing vast amounts of data. It is made up of several stacked DRAM chips.
This technology is ideal for applications in AI servers, autonomous vehicles, high-performance computing, and high-speed networking equipment. Nvidia CEO Jensen Huang (黃仁勳) has described HBM as “a technology miracle,” according to Digitimes and Nikkei Asia.
The positive momentum lifted the electronics sector index by 1.86%.
In the traditional sector, Formosa Plastics Group stocks, including Formosa Plastics and Nan Ya Plastics, continued to rebound, pushing the plastics sector index up by 1.33%. The cement, electrical machinery, paper, and shipping sectors also saw gains of over 1%, while the textile, glass, and steel sectors declined.
The three major container shipping companies, Evergreen Marine, YangMing Marine Transport, and Wan Hai Lines, saw gains between 1% and 3%. Bulk shipping stocks like Wisdom Marine Lines and Chinese Maritime Transport advanced more than 8%, while Shih Wei Navigation and U-Ming Marine Transport rose over 5%.
Sector performance showed high volatility in the oil and electricity and semiconductor industries, which rose by 2.8% and 2.25%, respectively. The steel sector saw a decline of 1.01%.
Mega International Vice President Huang Kuo-wei (黃國偉) stated that electronics stocks led the market's gains, with traditional stocks also rebounding, improving the overall market structure. He added that US tariffs and Nvidia’s financial report on Feb. 26 will be short-term key focuses for the market.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
