TAIPEI (Taiwan News) — Taiwan’s stock market opened on a positive note Monday, steadily rising throughout the day to reclaim the 20,000-point mark.
The Taiwan Stock Exchange Capitalization Weighted Stock Index, or TAIEX, gained 161.68 points to close at 20,034.41. Turnover totaled NT$215 billion (US$6.6 billion), per CNA and CTEE.
TSMC rose by 1.01%, closing at NT$897 (US$28), while Foxconn advanced 2.52% to end at NT$142.5. MediaTek saw a slight decline of 2.17%, closing at NT$1,350 after an early rally lost momentum.
TSMC showcased its latest innovation, the Compact Universal Photonic Engine, at its technology symposium, highlighting advancements in co-packaged optics integration to boost AI computing power. CPO technology integrates optics and silicon into a single package to address next-generation bandwidth and power demands.
Following the announcement, CPO-related stocks rallied. Foci Fiber Optic Communications hit the daily limit, while TrueLight, Elite Advanced Laser, Apogee, and LandMark Optoelectronics rose between 4% and 7%.
Largan Precision, a heavyweight in Taiwan's tech sector, is cooperating in an investigation into an insider trading case. Its shares fell by 0.67%, closing at NT$2,210.
Meanwhile, reports surfaced that Chinese networking equipment maker TP-Link is under investigation by the US Department of Justice for antitrust violations, raising expectations that orders may shift to Taiwanese networking companies. Edimax Technology and Comtrend hit the daily limit, while Zyxel Communications rose by more than 6%.
Cybersecurity stocks continued their strong performance from last week. Fortune Information Systems reached a 25-year high of NT$80, while K Way Information, Azion, and Insyde Software also hit the daily limit.
CTBC Financial Holding led the financial sector after announcing an upgraded dividend policy. The company proposed a cash dividend of NT$2.3 per share, the highest among the 11 financial holding companies that have disclosed dividends so far.
As a result, CTBC shares opened higher and surged, breaking through the monthly moving average. The stock also topped the day's trading volume, with over 90,000 lots exchanged.
In the biotech sector, Taiwan’s first listed veterinary pharmaceutical company Vetnostrum saw a remarkable debut, rising more than 30%. Other biotech stocks, including Formosa Pharmaceuticals and GlycoNex, also performed strongly, hitting the daily limit.
Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said that US-China trade tensions appear to be easing, leading to a rebound in US stocks, which has positively affected Taiwan’s market. Tsai believes that the most significant impacts of US tariffs are likely over.
Tsai added that a strong earnings report from Google's parent company Alphabet boosted tech stocks. Although TSMC reported strong earnings, its stock price remained flat due to broader market sentiment.
As earnings season continues, Tsai expects reports from major tech companies like Apple, Microsoft, and Meta to have a significant influence on Taiwan’s stock market.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
