Sign in Subscribe
Stocks

Taiwan's Stock Market Rebounds on Electronics and Petrochemical Strength

Strategic Insights

— 2 min read

Taiwan's stock market bounced back Thursday, lifted by gains in electronics and petrochemical shares. The Taiwan Capitalization Weighted Stock Index (TAIEX) surged 336.69 points to close at 23,962.13, driven by significant advances in key sectors. Electronics leader TSMC led the charge, advancing 1.32% to NT$1,150, while Foxconn added 2.74% to NT$206 and MediaTek climbed 0.74% to NT$1,365. Petrochemical stocks were also boosted by reports of a six-million-barrel drop in US crude inventories and announcements from 10 South Korean companies to cut their naphtha cracking capacity by one-quarter.

Key Takeaways:

  • The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 336.69 points to close at 23,962.13, driven by significant advances in electronics and petrochemical shares.
  • Electronics leader TSMC advanced 1.32% to NT$1,150, while Foxconn added 2.74% to NT$206 and MediaTek climbed 0.74% to NT$1,365.
  • Petrolehmcial stocks were boosted by reports of a six-million-barrel drop in US crude inventories and announcements from 10 South Korean companies to cut their naphtha cracking capacity by one-quarter.
  • Formosa Chemicals and Fibre hit the daily limit at NT$30.9, Formosa Petrochemical gained more than 8%, Formosa Plastics rose over 6%, and Nan Ya Plastics advanced 3.8%.
  • HTC hit the daily limit at NT$60, its highest level since Jan. 22, after unveiling its new artificial intelligence-powered Vive Eagle smart glasses.
  • The rally also boosted shares in parent company VIA Technologies.
  • Robotics-related stocks, which had retreated a day earlier, bounced back as the Automation Taipei 2025 trade show drew domestic and international players in industrial robotics and automation.
  • Sunplus Technology, Teco Electric and Machinery, Altek, and Pan-International Industrial all hit the daily limit intraday, while Taiwan Chelic and Bin Chuan Enterprise gained more than 5%.
  • Sunplus Technology led the broader market in trading volume, with more than 90,000 lots, or 90 million shares, changing hands as the stock climbed to NT$25.15.

Statistics:

  • The Taiwan Capitalization Weighted Stock Index (TAIEX) gained 336.69 points to close at 23,962.13.
  • Turnover totaled NT$409 billion (US$13.4 billion), according to CNA and CTEE.
  • TSMC advanced 1.32% to NT$1,150.
  • Foxconn added 2.74% to NT$206.
  • MediaTek climbed 0.74% to NT$1,365.
  • The rally also boosted shares in parent company VIA Technologies.

Sources:

  • CNA
  • CTEE
  • Ansys
  • Wei Yung-hsiang, Taishin China Equity Fund Manager.

Read more