TAIPEI (Taiwan News) — Taiwan’s stock market reached a new record high on Thursday, supported by strong gains in TSMC and Nvidia CEO Jensen Huang's (黃仁勳) optimism surrounding the artificial intelligence industry.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, rose 238.24 points to close at 27,301.92, marking an all-time high. Turnover expanded to NT$564 billion (US$18.5 billion), according to CTEE.
The TAIEX has advanced for seven consecutive weeks, gaining 540.86 points this week.
TSMC led the market, rising 1.77% to NT$1,440 after hitting an intraday record of NT$1,455, both record levels. Foxconn declined 1.56% to NT$221.5, while MediaTek edged up 0.75% to NT$1,345, and Delta Electronics gained 1.83% to NT$999.
Memory chipmakers continued to attract investor interest. Winbond Electronics rose 5.33%, while Nanya Technology added 8.48%.
The two companies ranked first and fourth in daily trading volume with 544,000 lots, or 544 million shares, and 217,000 lots, respectively. PSMC fell 2.26% but still recorded the third-highest trading volume at 328,000 lots.
Copper-related stocks also performed well following global price increases. Lcy Technology hit its fifth consecutive limit-up, with 30,000 unfilled buy orders at the close.
Walsin Technology advanced 8.03% on turnover of 352,000 lots, the second-highest of the day. First Copper Technology gained 4.41%.
Plastic and chemical shares extended gains on supply concerns following a fire at a Dow Chemical plant, which lifted polyethylene prices. Formosa Plastics, Usi, and Asia Polymer all rose significantly.
Usi and Asia Polymer hit their daily limit-up, with turnover climbing 735% and 1,235%, respectively, compared with the previous session.
Glass fiber stocks also drew attention as renewed supply concerns drove heavy trading. Taiwan Glass saw 155,492 lots change hands, ranking fifth among all listed firms.
Glotech Industrial closed at the daily limit-up at NT$68.4. Glotech’s share price has climbed 504% over the past six months, the highest increase among listed companies.
Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) told CNA that investor sentiment remained upbeat despite market concerns over Oracle’s gross margin. Jensen Huang highlighted continued strong demand for AI computing, which, along with advances in major US technology stocks, helped sustain Taiwan’s market momentum.
The analyst added that the long-term chip supply agreement between AMD and OpenAI, as well as Micron’s recent performance, supported gains in TSMC, memory, and integrated circuit substrate shares. Strength in petrochemical, metal, and high-revenue companies for September also contributed to positive sentiment.
Looking ahead, Huang said investor attention will shift to upcoming earnings calls from major semiconductor firms, where generally positive guidance is expected. He noted that foreign investors remain active in Taiwan’s spot market, suggesting the TAIEX may continue to track gains in US equities.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
