TAIPEI (Taiwan News) — Taiwan’s stock market reached new intraday and closing highs on Monday, driven by strength in the technology sector.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 386.26 points to close at 27,688.63. Turnover totaled NT$486 billion (US$15.9 billion), according to CNA and CTEE.
TSMC ended up 2.07% at NT$1,480. Foxconn gained 5.3% to NT$238.5, its highest in nearly 18 years, after foreign brokerages lifted their target price to NT$400.
MediaTek rose 0.75% to NT$1,340. Delta Electronics added 1.6% to NT$1,015.
Buying interest extended to memory and passive component makers. Winbond Electronics rose more than 5% on heavy turnover exceeding 570,000 lots, or 570 million shares, while Nanya Technology, PSMC, and Powertech Technology each advanced over 2%.
Among passive component suppliers, Kaimei Electronics, Walsin Technology, and Prosperity Dielectrics hit the daily limit. Yageo rose 6% to its highest level since a stock split.
Stocks linked to silicon photonics also advanced after Nvidia announced that its first co-packaged optics silicon photonics network switch had been adopted by Oracle and Meta. CPO technology integrates optics and silicon in a single package to address next-generation bandwidth and power needs.
Browave, TrueLight, LandMark Optoelectronics, and Axcen Photonics all hit the daily limit.
Within the broader tech supply chain, Macronix International reached its highest price since September last year, hitting the daily limit following reports of increased orders from Nintendo. Teco Electric and Machinery also hit the daily limit at NT$119.5, a record high, ahead of the Taipei International Electronics Show and Taiwan International AIoT Show opening on Wednesday.
In its market debut, craft beer maker Le Ble Dor closed at NT$136.5, up more than 35% from its NT$101 initial public offering price. Chairman Yeh Kuan-ting (葉冠廷) said the company will continue expanding through multi-channel partnerships, production advantages, and new product development.
Lu Hung-yu (呂宏宇), a fund manager for Fuh Hwa Investment Trust, said demand for artificial intelligence infrastructure and large technology applications continues to grow, driving capital expenditures and supporting a positive outlook for the sector. He added that TSMC’s higher revenue and capital expenditure forecasts for the year, along with stronger-than-expected margins, point to steady demand and clear order visibility.
Lu expects the momentum to sustain growth across Taiwan’s AI supply chain and support further gains in the TAIEX.
This information is not intended as personalized financial advice. Investors should conduct their own research before making investment decisions.
