TAIPEI (Taiwan News) — Taiwan’s stock market closed lower on Thursday, trading within a narrow range as investors awaited TSMC's briefing scheduled after market close.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, fell 131.2 points to close at 30,810.58. Turnover totaled NT$648 billion (US$20.5 billion), according to CNA and CTEE.
TSMC declined 1.17% to close at NT$1,690. MediaTek slipped 0.67% to NT$1,490, Foxconn eased 0.43% to NT$233.50, and Delta Electronics dropped 1.42% to NT$1,045.
In contrast, Aspeed Technology, the highest-priced stock on the TAIEX, briefly hit its intraday limit of NT$8,890, marking its fourth straight session of record prices, according to Anue. The chip designer closed up 8.29% at NT$8,755.
Companies in the fiberglass sector, a key material for various electronic devices, also performed strongly. Baotek Industrial Materials, Glotech Industrial, Taiwan Glass, and Nan Ya Plastics all hitting their daily limit-ups.
Gains in Nan Ya Plastics lifted other Formosa Plastics Group companies, including Formosa Plastics, Formosa Chemicals and Fiber, and Formosa Petrochemical. Related plastics-sector firms such as Usi, Asia Polymer, and Taita Chemical also finished higher.
Passive component manufacturers continued to attract investor interest. Inventory adjustments in consumer electronics have largely concluded, while rising demand from automotive electronics and artificial intelligence servers has strengthened the sector’s outlook, according to CTEE.
Hua Jung Components and King Core Electronics both reached their daily limit-ups. Honey Hope Honesty, Ever Ohms Technology, Max Echo Technology, Ta-I Technology, and Abc Taiwan Electronics posted gains.
Low-Earth-orbit satellite-related stocks remained in focus following reports that China had applied to the International Telecommunication Union for approval to deploy up to 203,000 LEO satellites. The figure is about 20 times the number currently operated by SpaceX’s Starlink network, according to CTEE.
Kinpo Electronics hit its fourth straight daily limit-up, leading market trading volume with 385,000 lots, or 385 million shares. Prime Electronics, Satellitics, and Zinwell also rose to their daily limits.
Companies expected to benefit from Taiwan’s new construction debris tracking system showed mixed performance. TerraLink advanced to its fifth consecutive daily limit-up, while Taiwan Environment Scientific and Gsd Technologies also gained.
However, Cleanaway, Taiwan’s largest hazardous waste processor, moved in the opposite direction. The stock opened at the daily limit-down price and remained locked there throughout the session, even though the company is seen as a key beneficiary of new regulations requiring GPS-equipped vehicles and electronic tracking of construction debris.
Senior analyst Chien Po-yi (簡伯儀) said the overall market outlook remains cautiously positive. With TSMC expected to maintain a favorable business outlook, he said the broader market could sustain a mildly bullish trend.
Chien observed strong activity in the over-the-counter market, with mid- and small-cap stocks frequently outperforming larger peers. This suggests the TAIEX is likely to maintain an upward momentum through January.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
