TAIPEI (Taiwan News) — Taiwan’s stock market advanced Wednesday, driven by gains in major weighted stocks.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 297.7 points, closing at 22,553.72. Turnover expanded to NT$403 billion (US$13.8 billion), according to CNA and CTEE.
Foreign investors were net buyers of NT$47 billion, marking the second-highest weekly net purchase this year after NT$52 billion on Jan. 6. This net buying ranks as the 11th largest on record, with financial stocks accounting for a significant portion alongside TSMC, Foxconn, and Mitac Holdings, according to CNA.
TSMC advanced 2.36% to close at NT$1,085. MediaTek rose 2% to NT$1,275, while Foxconn gained 2.8% to NT$165.5.
The printed circuit board sector contributed to the positive market sentiment. PCBs, often called the “mother of all electronic devices,” are crafted with intricate copper wiring to connect components, forming the foundation of most electronic circuits.
Elite Material rose over 2% to NT$900 after several foreign brokerages raised its target price above NT$1,000. Global Brands Manufacture, which recently acquired Japanese company Lincstech, saw its stock rise 1.23% to NT$90.3 on heavy trading volume of over 83,000 lots, or 83 million shares.
Server manufacturer Mitac Holdings recorded a nearly 4.7-fold increase in daily trading volume and closed up 3.31% at NT$68.7.
Institutional investors noted Mitac’s continued order inflows from US-based cloud service providers and its collaboration with Oracle on AI server projects. The company is expected to achieve more than 40% revenue growth this year, with earnings per share projected at NT$4.3.
Financial stocks were supported by foreign buying, with increases ranging from 0.31% to 2.41%.
Mega International Vice President Huang Kuo-wei (黃國偉) said that the appreciation of the Taiwan dollar may impact exporters’ revenue and profitability. Huang also noted that uncertainty regarding US chip tariff policies continues to influence market dynamics.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
