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Taiwan Stock Market Rises Amid US Tariff Uncertainty

Strategic Insights

— 1 min read

The Taiwan stock market closed slightly higher on Friday, backed by gains in artificial intelligence, robotics, and semiconductor equipment sectors, despite TSMC shares declining at the end of trading. The TAIEX gained 17.49 points to close at 24,021.26 points, with a turnover of NT$421 billion (US$14 billion). The market rose 586.88 points for the week, according to CNA and CTEE. TSMC's US-listed shares rose 4.86% overnight, helping local shares reach a record intraday high before closing 0.42% lower. The announcement of a potential 100% tariff on foreign-made semiconductors by US President Donald Trump led to gains among Taiwanese semiconductor equipment manufacturers with US operations or plans. Robotics stocks also recovered following the opening of the World Robot Conference in Beijing.

Key Takeaways:

  • The Taiwan stock market closed higher on Friday, with the TAIEX gaining 17.49 points to close at 24,021.26 points.
  • The market rose 586.88 points for the week, according to CNA and CTEE, driven by gains in artificial intelligence, robotics, and semiconductor equipment sectors.
  • TSMC's US-listed shares rose 4.86% overnight, contributing to the market's strong opening, but the stock closed 0.42% lower.
  • The potential 100% tariff on foreign-made semiconductors announced by US President Donald Trump led to gains among Taiwanese semiconductor equipment manufacturers with US operations or plans.
  • Robotics stocks recovered following the opening of the World Robot Conference in Beijing, with Etron Technology and Canon reaching daily trading limits.
  • Acter increased by more than 8%, and United Integrated Services rose about 6%, as semiconductor equipment manufacturers with US operations or plans saw gains.
  • Gold Circuit Electronics and Lcy Technology both reached daily trading limits, while Taiwan Union Technology, First Hi-tec Enterprise, and Apex International also posted gains.

Statistics:

  • The TAIEX gained 17.49 points to close at 24,021.26 points.
  • The market rose 586.88 points for the week, according to CNA and CTEE.
  • TSMC's US-listed shares rose 4.86% overnight.
  • The potential 100% tariff on foreign-made semiconductors announced by US President Donald Trump.
  • Acter increased by more than 8%.
  • United Integrated Services rose about 6%.
  • Etron Technology and Canon reached daily trading limits.

Sources:

  • CNA
  • CTEE
  • TAIEX
  • C Sun
  • Mirle Automation
  • Grand Process Technology
  • Acter
  • United Integrated Services
  • Etron Technology
  • Canon

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