TAIPEI (Taiwan News) — Taiwan’s stock market closed higher on Wednesday, buoyed by continued intervention from the National Stabilization Fund and strong performances in the electronics sector.
The National Stabilization Fund confirmed Monday it will maintain its market support operations. Established in 2000, the fund intervenes during periods of significant market volatility to stabilize stock prices.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 206.96 points at 23,042.9. Turnover totaled NT$380 billion (US$13 billion), according to CNA and CTEE.
TSMC gained 1.8% to NT$1,130, following a 3.62% increase in its US-listed shares overnight, which closed at a record US$236.95. MediaTek rose 1.08% to NT$1,410, while Foxconn slipped 0.31% to NT$162.5.
The rally extended to the substrate sector, driven by rising prices for Ajinomoto Build-up Film (ABF) and bismaleimide triazine (BT) resin materials amid persistent supply-demand imbalances.
Nan Ya Printed Circuit Board surged to its daily limit at NT$173, up 55.16% from NT$111.5 on July 1. The company has reached its highest level since last August.
Kinsus Interconnect Technology also posted strong gains, breaking above NT$100. Unimicron Technology reported the highest trading volume among all listed companies, reflecting sustained investor interest in the substrate and printed circuit board (PCB) sectors.
PCBs, which contain intricate copper wiring, serve as the backbone of most electronic devices by linking components and supporting electronic circuits. ABF, developed by Japan’s Ajinomoto, is a critical substrate material used in advanced chip packaging to connect semiconductor chips to PCBs.
BT resin is another essential substrate used in PCBs and semiconductor packaging. It is commonly found in network chips and programmable logic devices requiring high thermal and electrical reliability.
Nan Ya PCB has emerged as a top pick among institutional investors, recording eight consecutive sessions of net buying amid strong demand for its PCB and substrate products. Major clients include Broadcom, Nvidia, AMD, and Apple.
High Tech Computer also hit its daily limit as investors bet on the company’s growing presence in the virtual and augmented reality sectors. The firm additionally reported non-operating income in the third quarter, further boosting sentiment.
Other HTC-related firms, including Vate Technology, Xander International, and Chander Electronics, also posted notable gains.
According to Rubon Research, recent US approval for Nvidia to sell downgraded H20 artificial intelligence chips in China has further lifted investor confidence. Rising prices and trading volumes suggest a favorable outlook for the broader market.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
