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Taiwan's Stock Market Hits Fresh Records on TSMC's Strong Performance

Strategic Insights

— 2 min read

Taiwan's stock market continues to boom, with the Taiwan Capitalization Weighted Stock Index (TAIEX) reaching its highest level on Tuesday, driven by the strong performance of TSMC. The index rose 272.48 points to close at 25,629.64, with TSMC leading the charge by closing at a record NT$1,280. The company's swift recovery from its ex-dividend drop of NT$5 per share has provided momentum for the broader market. Foreign capital inflows and a stronger Taiwan dollar have also contributed to the market's upward trend.

Key Takeaways:

  • TAIEX closed at 25,629.64, its highest level, after rising 272.48 points.
  • TSMC rose 2.4% to close at a record NT$1,280, after hitting a new intraday high of NT$1,285.
  • MediaTek gained 3.37% to NT$1,535, while Delta Electronics added 0.60% to NT$841.
  • Genovate Biotechnology's takeover bid by Synmosa Biopharma sparked strong buying, with Genovate shares closing at NT$20.25, leaving over 396,000 lots unfilled.
  • Memory-related stocks such as Winbond Electronics and Nanya Technology saw significant gains, with Winbond rising 4.29% and Nanya reaching the daily limit of NT$69.2.
  • Silicon carbide suppliers such as GlobalWafers, Mosel Vitelic, and Episil-Precision closed at the daily limit due to Nvidia's next-generation Rubin processors using upgraded SiC materials.
  • Wafer Works increased 7.21% to NT$31.95, and Episil Technologies advanced 1.11% to NT$63.6 due to strong interest in memory-related stocks.
  • Analyst Chien Po-yi noted that TSMC's swift recovery from its ex-dividend adjustment provided momentum for the broader market.
  • PGIM High Growth Fund manager Liao Ping-kun advised investors to avoid chasing stocks that have already risen sharply and to consider undervalued shares and companies with solid long-term growth prospects.

Statistics:

  • TAIEX rose 272.48 points to close at 25,629.64.
  • TSMC's record close was NT$1,280.
  • MediaTek gained 3.37% to NT$1,535.
  • Delta Electronics added 0.60% to NT$841.
  • Genovate shares closed at NT$20.25, with over 396,000 lots unfilled.
  • Winbond Electronics rose 4.29% to NT$27.95.
  • Nanya Technology reached the daily limit of NT$69.2.
  • GlobalWafers, Mosel Vitelic, and Episil-Precision closed at the daily limit.
  • Wafer Works increased 7.21% to NT$31.95.
  • Episil Technologies advanced 1.11% to NT$63.6.

Sources:

  • CNA
  • CTEE
  • Senior analyst Chien Po-yi
  • PGIM High Growth Fund manager Liao Ping-kun

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