TAIPEI (Taiwan News) — Taiwan’s stock market rose Monday, following gains in US equities as investor attention shifted back to AI-related sectors.
The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 453.29 points to close at 28,149.64. Turnover totaled NT$493 billion (US$15.7 billion), according to CNA and CTEE.
TSMC saw increased activity late in the session, with more than 4,000 buy orders placed before the close, and finished up 2.45% at NT$1,465. Foxconn rose 1.13% to NT$224.
Delta Electronics advanced 4.61% to NT$953. MediaTek retreated after an early rally, ending down 0.71% at NT$1,400.
Investor sentiment was lifted by news in the memory chip sector, as SanDisk and Micron were reportedly in talks with PSMC for potential cooperation. PSMC hit its daily limit at NT$40.45, with 475,000 lots, or 475 million shares, traded, marking the second-highest volume in the market.
Other memory-related companies also posted gains. Winbond Electronics rose 2.52% and ranked third by trading volume, Nanya Technology gained 3.15% and ranked fifth, and Macronix International added 5.25%, placing sixth.
Low Earth orbit satellite and related stocks continued to attract investor interest after SpaceX announced plans for a space-based data center. Universal Microwave Technology, which reported November net income of NT$86 million, an 18% year-on-year increase, closed up 1.76% at NT$635.
Compeq Manufacturing, a supplier of satellite communication boards, hit its daily limit at NT$96.5 within an hour and held that level through the close. Other printed circuit board companies followed similar trends.
Taiwan Union Technology, and Gold Circuit Electronics closed above half their daily limit-ups at NT$454 and NT$650, respectively, while Elite Material gained 3.23% to NT$1,600. Key Ware Electronics rose 3.35% to NT$36.9, extending a gain of 57.78% over the past 11 sessions.
The Yuanta Global AI New Economy Active ETF debuted and closed at NT$10.04, up 2.66%, with 154,000 lots traded. It ranked fourth in overall market activity and was the third-largest exchange-traded fund by trading volume.
An exchange-traded fund is an investment fund that tracks a specific market index. For example, the Yuanta P Shares Taiwan Top 50 ETF invests in the 50 largest publicly listed Taiwanese companies.
Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said Taiwan stocks had experienced a pullback in December, mainly due to concerns over potential overvaluation in AI-related sectors. He added that US market adjustments had influenced local performance but did not pose major risks to Taiwan’s market.
Tsai said capital had temporarily shifted from higher-priced AI stocks to lower-priced non-tech stocks, but he expects funds to return to AI stocks with solid fundamentals.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
