TAIPEI (Taiwan News) — Taiwan’s stock market closed higher on Friday, supported by strong earnings guidance from TMSC and optimism over a new trade agreement with the US, lifting the benchmark index above 31,000 points.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, reached an intraday record of 31,475. It closed up 598.12 points at 31,408, according to CNA.
Turnover totaled NT$823.4 billion (US$26 billion), the second-highest level on record. For the week, the index gained 1,119.74 points, marking its fourth consecutive weekly advance.
After reporting solid financial results and issuing an upbeat outlook at its investor briefing on Thursday, TSMC climbed to an intraday record of NT$1,750 before closing up 2.96% at NT$1,740, marking a new closing high. The chipmaker accounted for roughly 400 points of the TAIEX’s gains, according to CTEE.
Delta Electronics gained 7.66% to NT$1,125. MediaTek increased 1.01% to NT$1,505, and Foxconn added 0.43% to NT$234.5.
Passive components supplier Yageo rose 3.47% to NT$273.50. The gain followed an announcement of price increases for resistors, driven by higher production costs.
Companies linked to low-Earth-orbit satellite applications advanced on reports that Elon Musk’s SpaceX is preparing for an initial public offering. Prime Electronics and Satellitics both hit daily limit-ups, while Universal Microwave Technology gained 3.37% and Taiwan Union Technology rose 2.29%.
Industrial-related stocks were supported by the US-Taiwan tariff agreement announced Thursday. Under the new deal, tariffs on Taiwanese exports to the US will be reduced to 15%.
Machine tool makers Shieh Yih Machinery Industry, Anderson Industrial, and Falcon Machine Tools all reached daily limit-ups. Auto parts suppliers Hushan Autoparts, Cryomax Cooling System, Ta Yih Industrial, and Manzai Industrial also closed at daily limits.
Tight supply for fiberglass cloth, materials used in artificial intelligence servers, boosted related firms. Baotek Industrial Materials, Glotech Industrial, and Taiwan Glass all reached daily limit-ups.
Continued demand for AI servers and high-performance computing supported suppliers of Ajinomoto Build-up Film, a special insulating resin used in advanced chip packaging, according to Pocket Securities. Unimicron Technology, Nan Ya Printed Circuit Board, and Kinsus Interconnect Technology also hit daily limit-ups.
Cathay Securities Investment Consulting manager Tsai Ming-han (蔡明翰) said the session’s gains were mainly driven by TSMC’s positive investor briefing. TS Holdings chief economist Lee Chen-yu (李鎮宇) added that the tariff agreement confirms favorable long-term prospects for the semiconductor and AI industries, though Tsai noted these expectations were already largely priced in.
UPAMC All Weather Fund-A manager Chen Yi-ting (陳意婷) said Taiwan’s exports remain strong, supported by steady demand for AI and consumer electronics chips, including orders from Nvidia, Google, and Amazon. Chen recommended investors focus on sectors with long-term growth potential and companies benefiting from price increases.
She highlighted AI hardware supply chains, firms positioned to benefit from TSMC’s 2 nm mass production, and upstream electronic materials as areas of opportunity. Following Friday’s advance, Tsai said the market is likely to enter a consolidation phase over the next one to two weeks, which could provide longer-term investors with opportunities.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
