TAIPEI (Taiwan News) — Taiwan’s stock market reached a new intraday high on Tuesday before profit-taking pushed it lower by the close.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose nearly 600 points in early trading to a record 27,507.16 but ended the day down 130.27 points at 26,793.15. Turnover totaled NT$683 billion (US$22.2 billion), the largest daily volume in more than four months, according to CNA and CTEE.
TSMC shares reached an intraday record of NT$1,460 before settling up 0.71% at NT$1,425. Foxconn fell 3.29% to NT$206, MediaTek declined 0.76% to NT$1,305, and Delta Electronics closed down 3.69% at NT$992, falling below the NT$1,000 level.
AblePrint Technology and Voltronic Power also dropped under NT$1,000, leaving 22 stocks trading above this threshold.
Memory chipmakers Winbond, Nanya Technology, and PSMC led trading volumes, with 595,000, 369,000, and 293,000 lots exchanged, respectively. All three ended the day lower after early gains.
Shares in the shipping sector rose, supported by developments in US–China port fee discussions and news regarding Gaza reconstruction. Yang Ming Marine Transport, Wan Hai Lines, Sincere Navigation, Chinese Maritime Transport, and Shih Wei Navigation all reached their daily price limits.
Financial stocks performed strongly following solid September earnings, with major players including Fubon, Cathay, KGI, E.SUN, CTBC, Mega, Yuanta, and SinoPac closing higher.
PGIM Taiwan Market Capitalization Momentum 50 ETF manager Chang Chih-ling (張芷菱) said Taiwan’s semiconductor sector relies mainly on rare-earth materials supplied by Europe, the US, and Japan, limiting direct impact from international developments. She noted that in the short term, profit-taking could continue following recent record highs, but remained optimistic about long-term growth in innovative technologies and core industries, underpinned by improving corporate earnings.
Chang also highlighted upcoming earnings briefings from leading wafer manufacturers on Thursday. With demand for AI chips expected to remain strong, fourth-quarter and next-year revenue projections are positive, potentially boosting market confidence.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
