TAIPEI (Taiwan News) — Taiwan’s stock market ended at a record high on Friday, supported by gains in TSMC.

The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 382.67 points to close at 26,761.06, the highest level on record. Turnover totaled NT$463 billion (US$15.2 billion), according to CNA and CTEE.

TSMC advanced 2.56% to NT$1,400, its highest closing price to date. Delta Electronics climbed 5.37% to NT$942 after foreign brokerages raised the company’s target price.

MediaTek added 3.13% to NT$1,320. Foxconn edged up 0.44% to NT$226.5.

Memory-related shares continued to draw strong interest. Winbond Electronics recorded the highest turnover, with more than 576,000 lots, or 576 million shares, traded, closing 7.78% higher at NT$38.8.

Elite Semiconductor Microelectronics Technology hit the daily limit at NT$82.5. Nanya Technology rose 4.14% to NT$88.3.

Phone case maker Waffer Technology hit the daily limit at NT$71 after reporting strong September revenue. Server maker Wiwynn gained 4.52% to NT$3,465, reaching an intraday high of NT$3,540 following optimistic guidance and target price increases.

Nan Ya Printed Circuit Board also reached the daily limit at NT$254, its highest in nearly 22 months, with more than 33,000 unfilled buy orders on expectations for high-end substrate demand.

Ahead of Taiwan’s National Day on Oct. 10, defense-related stocks moved higher. Coretronic and Thunder Tiger each rose more than 5% to NT$116 and NT$156, respectively, while Air Asia and Lungteh Shipbuilding both advanced more than 3%.

Investment consultants said uncertainty surrounding a possible US federal government shutdown has led to expectations the Federal Reserve could lower interest rates again in October. Such a move would be seen as supportive for Taiwan’s equities in the short term.

This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.