Taiwan's Stock Market Hits New Records Amid Government Support and Emerging Technologies

Taiwan's stock market continued its upward momentum on Thursday, driven by government support for emerging technologies such as silicon photonics and strong demand for AI server components. The Taiwan Capitalization Weighted Stock Index (TAIEX) reached a new intraday high of 27,732.78 points and closed at 27,647.87, a gain of 372.16 points. Turnover totaled NT$547 billion (US$17.8 billion), a significant increase from previous trading sessions.

Key Takeaways:

• The Taiwan Capitalization Weighted Stock Index (TAIEX) touched an intraday high of 27,732.78 points and closed at 27,647.87, a new closing record.
• TSMC, a key player in the semiconductor industry, rose 1.37% to close at NT$1,485, marking an all-time high.
• Government support for energy-saving technologies, including silicon photonics, contributed to gains in related stocks, with Elite Advanced Laser advancing nearly 6%.
• Memory chip stocks, such as Winbond Electronics and Nanya Technology, continued to benefit from ongoing DRAM shortages and rising prices, with several stocks reaching daily trading limits.
• Kinsus Interconnect Technology, an ABF substrate maker, reportedly joined Nvidia's supply chain, resulting in a second straight limit-up at NT$147.5.
• The chip packaging and testing sector saw significant gains, with Ase Technology Holding gaining 7.58% and King Yuan Electronics increasing 8.73%.

Statistics:

• TAIEX closed at 27,647.87, a gain of 372.16 points.
• Turnover totaled NT$547 billion (US$17.8 billion).
• TSMC closed at NT$1,485, a gain of 1.37%
• Elite Advanced Laser advanced nearly 6%
• Winbond Electronics gained 10.5% on the day
• Kinsus Interconnect Technology reached a new high of NT$147.5

Sources:

• CNA (Central News Agency of Taiwan)
• CTEE (Taiwan Stock Exchange Index)
• Business Next
• Capital Investment Trust's Taiwan stock research team