TAIPEI (Taiwan News) — Taiwan’s stock market closed slightly higher on Wednesday, with gains supported by a late-session rebound in TSMC and key technology stocks.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 24.02 points to close at 22,577.74. Turnover totaled NT$298 billion (US$10 billion), according to CNA and CTEE.
TSMC ended flat at NT$1,085 after recovering late in the day. MediaTek advanced 1.57% to NT$1,295, while Foxconn, which went ex-dividend, added 1.57% to close at NT$162.
Several other major companies also went ex-dividend, including Ase Technology Holding, Pcl, and Taiwan Cement. Pcl at one point recouped over 90% of its dividend payout during the session, ending up 0.68% at NT$89.1.
Ex-dividend dates often lead to a temporary decrease in stock prices, reflecting the cash value of dividends distributed to shareholders. Ase Technology recovered nearly 75% of its dividend payout during trading, contributing to gains in chip-on-wafer-on-substrate-related stocks.
Trusval Technology and Taliang Technology both hit the daily trading limit, while Chyun-Yih Technology, Taiflex Scientific, and Laser Tek Taiwan each rose by more than 5%. CoWoS packaging technology shortens the interconnects between chips, which enhances overall performance and lowers power consumption.
Copper clad laminate manufacturers saw mixed performance amid strong demand from AI-related sectors. Taiflex Scientific climbed to a record NT$909, ranking as the 20th most expensive stock on the Taiwan market.
In contrast, Taiwan Union Technology declined 3.6% to NT$224 as investors engaged in profit-taking after recent highs. CCLs are composed of copper foil and insulating material, and are widely used in electronics due to copper foil’s high conductivity and flexibility.
Fubon Research Chair Chen Yi-kuang (陳奕光) noted that with the US tariff postponement deadline approaching on July 9, heightened uncertainty could lead to market fluctuations. Chen added that aside from AI-related stocks, seasonal factors tied to the summer period, such as travel, holidays, Father’s Day, and the Ghost Festival, may draw attention to sectors including tourism, gaming, and food retail.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
