Taiwan stocks gain for the fourth consecutive week, demonstrating resilience despite Friday’s pullback. The market faced profit-taking after early gains fueled by TSMC’s record opening.
The Taiwan Capitalization Weighted Stock Index, or TAIEX, fell 190.99 points to close at 25,578.37. It earlier reached a historical intraday peak of 25,864. Turnover surged to NT$597.5 billion, marking the second-highest daily total this year.
For the week, the TAIEX rose 103.73 points, extending a four-week winning streak. Total market capitalization climbed to NT$82.66 trillion, up NT$516 billion from the previous week. Taiwan stocks gain highlights sustained investor confidence despite short-term corrections.
TSMC opened at a record NT$1,290 but retreated amid heavy selling pressure. The chipmaker closed down 1.56% at NT$1,652, with more than 25 million shares changing hands in the final hour. MediaTek lost 4.64% to NT$1,440, Foxconn edged down 0.47% to NT$214, and Delta Electronics fell 0.45% to NT$888.
Memory companies attracted strong buying interest. Winbond Electronics gained 3.72% to NT$33.5 on nearly 580,000 lots traded. Macronix International rose 2.96% to NT$27.85 with over 229,000 lots exchanged. Meanwhile, Nanya Technology and PSMC both slid over 1% in volatile trades.
Construction-related stocks faced pressure after the Central Bank maintained interest rates and credit restrictions. YungShin Construction and Development hit its daily limit at NT$90.5. Hiyes International and King’s Town Bank fell more than 8%, closing at NT$91.6 and NT$45.3, respectively.
Passive component makers saw strong demand. Yageo reached its daily limit at NT$173.5, Walsin Technology hit NT$95.7, Honey Hope Honesty Enterprise closed at NT$31.95, and HolyStone rose 7.17% to NT$95.6.
Taishin fund manager Wei Yung-hsiang commented that the recent US Federal Reserve rate cut met market expectations. He added that Nvidia’s investment in Intel is unlikely to impact TSMC. Wei warned that much of the market’s prior gains had already reflected the rate cut, leaving room for short-term corrections.
Looking ahead, investors will monitor the US Supreme Court ruling on President Trump’s tariffs and any policy adjustments. Other factors include semiconductor-related tariff implementation, pricing strategies of US brands, and Nvidia’s progress in next-generation AI platforms.
Taiwan stocks gain continues to signal investor optimism while highlighting market sensitivity to global economic and technological developments.
