TAIPEI (Taiwan News) — Taiwan’s stock market opened higher Thursday, led by TSMC, but reversed course as TSMC extended its decline, dragging down the market.
The Taiwan Stock Exchange Capitalization Weighted Stock Index, or TAIEX, closed at its lowest point of the day, down 316.68 points at 21,961.68. Turnover totaled NT$365 billion (US$11 billion), per CNA and CTEE.
TSMC briefly reclaimed the NT$1,000 mark, hitting a high of NT$1,005, before retreating to close down NT$23 (70 cents) at NT$965. Other major tech stocks, including MediaTek, Foxconn, and Quanta Computer, also ended in negative territory.
Robotics-related stocks saw gains ahead of Nvidia’s GTC conference, set to take place Monday. Nexcom hit the daily limit up as it prepares to participate in the event, while Aurotek rose 7.7%.
Other notable gainers included Pan-International Industrial and Avalue Neousys Technology, which climbed 6.88% and 5.21%, respectively.
Battery backup unit, or BBU, stocks, including Advanced Energy Solution Holding, Delta Electronics, Stl Technology, and Sysgration, finished higher. Co-packaged optics, or CPO, stocks also rebounded, with Pcl Technologies gaining 6.48%, while Browave, Ezconn, and LuxNet posted gains.
A BBU is installed in servers to prevent data loss during power outages. CPOs integrate optics and silicon in a single package to address next-generation bandwidth and power demands.
The memory sector showed mixed performance. Speculation about a potential memory chip price increase is growing, as reports indicate signs of recovery in the NAND flash sector, a non-volatile storage technology used in electronic devices and computer systems.
Winbond opened higher but closed down 1.43% on heavy trading volume of 396,000 shares, the highest among listed stocks. Nanya Technology rose 2.59% with 150,000 shares traded.
Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said market confidence remains weak, as Taiwan's stock market struggles to stay above the annual moving average, and further declines cannot be ruled out. He added that a stronger rebound might only be possible once concerns over US President Donald Trump’s tariff policies subside and US tech stocks stabilize.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
