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Taiwan's Stock Market Rises on Easing Geopolitical Tensions and Semiconductor Gains

Strategic Insights

— 1 min read

Taiwan's stock market closed higher on Tuesday as easing geopolitical tensions and gains in semiconductor and high-tech shares lifted investor sentiment. The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 161.69 points to close at 22,211.59. The market's gains were driven by semiconductor companies such as TSMC, MediaTek, and Foxconn, as well as facility and semiconductor equipment providers. Additionally, stocks linked to TSMC's supply chain also performed well, with Jetwell Computer hitting the daily price limit on heavy volume.

Key Takeaways:

  • The Taiwan Capitalization Weighted Stock Index (TAIEX) rose 161.69 points to close at 22,211.59, driven by semiconductor and high-tech shares.
  • TSMC rose 1.95% to NT$1,045 on strong late-session buying, while MediaTek gained 1.59% to NT$1,275.
  • Stocks linked to TSMC's supply chain, including facility and semiconductor equipment providers, also performed well.
  • Jetwell Computer hit the daily price limit on heavy volume, while WinWay Technology gained 6.47% to NT$1,235 and Scientech rose 3.77% to NT$330.
  • High-priced stocks such as Aspeed Technology and AIchip Technologies also advanced, with Aspeed Technology rising 0.33% to NT$4,600 and AIchip Technologies climbing 6.83% to NT$2,815.
  • However, Pegatron fell 1.15% to NT$77.6 on its ex-dividend date, and the Capital Tip Customized Taiwan Select High Dividend ETF also went ex-dividend and closed lower by session's end.

Statistics:

  • The Taiwan Capitalization Weighted Stock Index (TAIEX) rose by 161.69 points to 22,211.59.
  • Turnover totaled NT$362 billion (US$12.3 billion).
  • TSMC rose 1.95% to NT$1,045 on strong late-session buying.
  • MediaTek gained 1.59% to NT$1,275.
  • Jetwell Computer hit the daily price limit on heavy volume.
  • WinWay Technology gained 6.47% to NT$1,235.
  • Scientech rose 3.77% to NT$330.
  • Aspeed Technology rose 0.33% to NT$4,600.
  • AIchip Technologies climbed 6.83% to NT$2,815.

Sources:

  • CNA
  • CTEE
  • Fubon Research
  • PGIM Global 100 ETF Product Manager Lin Chih-chi

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