TAIPEI (Taiwan News) — Taiwan’s stock market slipped Wednesday following earlier gains, as investors digested declines in US technology shares and TSMC’s US-listed stock.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, lost 103.5 points to close at 27648.91. Turnover declined to NT$448 billion (US$14.6 billion), according to CNA and CTEE.
TSMC dropped 1.35% to NT$1,460, Delta Electronics closed unchanged at NT$1,020, and MediaTek declined 0.75% to NT$1,330. Foxconn was an exception, rising 1.46% to NT$242.5.
Memory chip maker PSMC, which saw institutional buying of over 6,000 lots, or 6 million shares, and a financing increase of 5,880 lots on Tuesday, saw profit-taking pressure. The stock declined 8.79% to NT$28.
Meanwhile, battery backup unit concept stocks surged, with Stl Technology and Celxpert Energy hitting daily trading limits at NT$137.5 and NT$43.7, respectively. BBUs, which provide power backup to servers during outages, have seen growing demand amid rising workloads driven by artificial intelligence applications.
Reports of a suspected African swine fever outbreak briefly affected major meat producers. DaChan Food rebounded 7.56% to NT$55.5, while Charoen Pokphand added 0.74% to NT$136.5.
Pandemic-prevention stocks also advanced as Taiwan enters the domestic flu season. Adimmune, whose vaccines for influenza, tetanus, and enteroviruses are recognized by the World Health Organization, reached its daily limit at NT$19.5. Universal rose 4.49% to NT$31.45, and Knh gained 3.52% to NT$17.65.
Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) described the market as “weak yet firm” following recent gains. He noted that proximity to key psychological levels and deviations from moving averages have prompted cautious trading.
Huang expects the TAIEX to remain above 27,000 points, with potential medium- to long-term growth toward 28,000 points after any short-term corrections. He highlighted ongoing sector rotation, suggesting that continued strength in AI-related stocks could support the broader market trend.
In the short term, next week will be crucial for Taiwan and US companies, particularly regarding AI developments in technology stocks. Huang also pointed to upcoming US interest rate decisions and the pace of any cuts as key considerations for capital markets.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
