TAIPEI (Taiwan News) — Taiwan’s stock market closed sharply higher on Monday, lifted by semiconductor and technology shares after reassurances about TSMC’s ownership and new orders from Nvidia.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 512.91 points to 24,277.38. Turnover totaled NT$418 billion (US$13.7 billion), per CNA and CTEE.
TSMC gained 3.08% to NT$1,170 after Chair Mark Liu (劉德音) said the US government would not take a stake in the company, easing investor concerns. Nvidia CEO Jensen Huang (黃仁勳) also underscored the chipmaker’s production pipeline, saying six new processors — including CPUs, GPUs, NVLink switch chips, networking chips, and silicon photonics — have been submitted for manufacturing at TSMC.
Foxconn advanced 2.47% to NT$207.5, while MediaTek rose 3.30% to NT$1,410.
Robotics-related stocks surged after reports that Nvidia is preparing to launch a product described as a “new brain” for robots. Teco Electric & Machinery, Coretronic, Solomon Technology, Pan-International Industrial, Kye Systems, Hiwin Mikrosystem, and Ace Pillar all closed at the daily limit-up.
Defense stocks extended recent gains, with Thunder Tiger hitting the NT$146.5 limit-up on strong demand for unmanned vehicle products.
Passive component maker Yageo resumed trading Monday under a new share denomination, opening at NT$136.5 and closing 4.76% higher at NT$143. Turnover exceeded 26,000 lots, or 26 million shares.
Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) said US Federal Reserve Chair Jerome Powell’s Friday remarks were seen as signaling the possibility of gradual medium-term rate cuts, boosting confidence in liquidity and tech stocks.
Huang added that the TAIEX is maintaining upward momentum and could test its previous high of 24,551 points, with a new record possible if Nvidia’s second-quarter earnings, due Thursday, exceed expectations.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
