TAIPEI (Taiwan News) — Taiwan’s stock market rose on Wednesday, as investors positioned ahead of TSMC’s earnings conference scheduled for Thursday.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, rose 482.56 points to close at 27,275.71. Turnover totaled NT$500 billion (US$16.3 billion), according to CNA and CTEE.
TSMC closed up 2.81% at NT$1,465, setting a record high. MediaTek rose 0.77% to NT$1,315, Foxconn edged up 0.24% to NT$206.5, and Delta Electronics advanced 2.32% to NT$1,015.
High-priced stocks also attracted investor attention. Aspeed Technology, the most expensive stock on the TAIEX, increased 4.07% to NT$5,500.
Mpi reached its daily trading limit at NT$1,910, while Wiwynn and Jentech Precision Industrial each rose more than 8%. Voltronic Power Technology and Ableprint Technology recovered to the thousand-dollar level.
ABF substrate makers extended earlier gains amid expectations of stronger second-half performance driven by rising prices and low base effects. Nan Ya Printed Circuit Board and Kinsus Interconnect Technology hit the daily limit, and Unimicron Technology climbed 8.56%.
ABF, or Ajinomoto Build-up Film, is a heat-curing epoxy film developed by Japan’s Ajinomoto. It functions as an insulating layer in semiconductor packaging, allowing multiple fine circuit layers to be stacked for advanced chips, according to Pocket Securities.
Shipping stocks, which had advanced the previous day following news of reciprocal port fees between China and the US, declined after China announced that US-owned, Chinese-built vessels would be exempt from port charges. Evergreen Marine, Yang Ming Marine Transport, and Wan Hai Lines dropped 2.65%, 6.17%, and 3.94%, respectively, while bulk shipping companies also recorded broad losses.
Memory module maker Apacer Technology reached the daily trading limit, closing at NT$102.5 with 25,000 buy orders remaining at the close. The stock has risen for eight consecutive sessions, gaining more than 44% over this period.
On the broader market front, US Federal Reserve Chair Jerome Powell offered no further guidance on future interest rates while noting that US job growth is slowing. Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) said Powell’s remarks reflect a cautious stance.
He noted that tariffs have had a limited impact on inflation and that markets continue to anticipate potential rate cuts later this year, providing liquidity to support equity markets.
Huang added that although Taiwan’s market briefly rose and then retreated on Tuesday, the pullback may have been an overcorrection rather than a signal of a trend reversal. Medium- to long-term fundamentals remain positive, though investors should monitor short-term volume-price divergences.
Looking ahead, the upcoming TSMC earnings conference is a key focus. Huang noted that the market remains generally optimistic, awaiting whether TSMC’s outlook aligns with prior expectations.
He also highlighted recent strategic alliances among major tech companies, such as Oracle partnering with AMD, and pointed out that Taiwan’s dominant role in the AI hardware supply chain is a positive factor for local stocks.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
