TAIEX breakout momentum accelerated yesterday as Taiwan’s benchmark index surged decisively above the 30,000-point milestone. The index closed at 30,105.04 points, rising 755.23 points, or 2.57 percent, reflecting powerful investor confidence across markets.
Importantly, the rally marked the index’s first close above the 30,000 threshold, underscoring a major psychological breakthrough. Moreover, optimism centered on strong technology earnings expectations and early-year portfolio repositioning by domestic investors.
In addition, supportive cues from global equity markets strengthened risk appetite across Taiwan’s capital markets. Consequently, investors displayed increased willingness to add exposure to growth-oriented technology stocks.
The TAIEX breakout gained traction as semiconductor and high-end hardware shares led buying ahead of the Lunar New Year holiday. As a result, market participants positioned for continued gains driven by artificial intelligence and advanced chip demand.
PGIM Inc said enthusiasm largely reflected expectations for robust fourth-quarter semiconductor earnings. Furthermore, the firm cited forecasts for higher capital expenditure on advanced manufacturing processes this year.
Taiwan Semiconductor Manufacturing Co emerged as the primary driver, delivering a decisive boost to index performance. Specifically, TSMC shares climbed 5.36 percent to NT$1,670, marking a fresh all-time closing high.
Accordingly, investors bet the chipmaker would benefit from sustained global demand for advanced process technologies. Hua Nan Securities analyst Kevin Su said interest intensified after TSMC’s 2-nanometer process entered mass production.
As a result, gains spread across the semiconductor ecosystem, lifting equipment makers and chip designers. MediaTek rose 3.74 percent, while ASE Technology advanced 2.13 percent during the session.
Similarly, United Integrated Services gained 3.33 percent, reinforcing expectations of continued investment momentum. However, non-technology sectors generally lagged as market focus remained firmly on electronics stocks.
Even so, financial shares provided stability, with Cathay Financial and Fubon Financial posting moderate gains. Analysts said this resilience helped cushion sectoral imbalances during the rally.
Meanwhile, trading activity surged sharply, highlighting heightened participation from both retail and institutional investors. Total turnover reached NT$765.8 billion, ranking as the second-highest daily volume on record.
Therefore, heavy liquidity underscored widespread eagerness to capture early-year opportunities following the TAIEX breakout. Exchange data showed domestic funds and proprietary traders led buying activity.
In contrast, foreign investors recorded net selling of NT$7.64 billion, indicating selective positioning. Additionally, investment trusts added modest net purchases, supporting overall market balance.
Seasonal patterns also supported the rally, as early-year inflows historically favor Taiwanese equities. Furthermore, resilient US technology stocks boosted regional sentiment across Asia.
Looking ahead, analysts said upcoming earnings releases and macroeconomic signals could sustain momentum. Ultimately, the TAIEX breakout highlights Taiwan’s central role in global semiconductor and advanced technology supply chains.
