TAIPEI (Taiwan News) — Taiwan’s stock market closed higher on Wednesday, shaking off overnight losses on Wall Street, as gains in heavyweight technology stocks supported the broader market.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, gained 145.14 points to close at 22,356.73. Turnover expanded to NT$382 billion (US$13 billion), according to CNA and CTEE.
TSMC reversed early losses to close 0.96% higher at NT$1,055. Foxconn edged up 0.65% to NT$155.5, while MediaTek gained 0.29% to end at NT$1,278, collectively stabilizing the index.
Dynamic random access memory stocks outperformed after reports surfaced that Nanya Technology, Taiwan’s largest DDR4 DRAM supplier, temporarily stopped quoting prices amid tightening supply concerns. Nanya hit the daily limit, closing at NT$59.1.
Peers Winbond Electronics and Adata Technology followed suit, rising more than 4% on expectations of broader supply-driven price increases in the DRAM sector. DRAM chips are critical components used in personal computers and mobile devices for temporary data storage.
Shipping stocks also attracted interest ahead of upcoming ex-dividend dates. Evergreen Marine rose slightly with heavy trading volume, as investors positioned for its NT$32.5 per-share cash dividend set to be distributed on Thursday.
Dividends represent a portion of a company’s earnings returned to shareholders, either in cash or shares.
Meanwhile, the Yuanta/P-shares Taiwan Top 50 ETF (0050) resumed trading after a 1:4 stock split, lowering its price from NT$188.65 to NT$47.16 and making it more accessible to retail investors. The ETF closed higher and ranked third in market turnover.
An ETF, or exchange-traded fund, is a type of investment product that tracks a specific market index. For example, the 0050 tracks the 50 largest companies listed on Taiwan’s stock market.
Despite Wednesday's gains, institutional investors cautioned that geopolitical uncertainties and persistently high global oil prices may continue to weigh on sentiment.
Investors are also keeping a close eye on this week’s US Federal Reserve policy meeting. While interest rates are expected to remain unchanged, revised economic projections may alter market expectations and impact global capital movements.
Analysts believe the Taiwan market remains in a consolidation phase in the near term and recommend a selective stock-picking strategy. They suggest focusing on large-cap stocks as core holdings, while adding shares that show strong price trends and are connected to fast-growing areas such as tech, energy, and defense.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
