Taiwan stock exchange weighted index opens 0.2% higher at 23,373.67

Taiwan stock exchange weighted index opens 0.2% higher at 23,373.67

The Taiwan Stock Exchange Weighted Index (TAIEX) opened 0.2% higher at 23,373.67 on July 2, 2025, following a positive market sentiment driven by strong earnings reports and positive developments in the tech sector. The index, which closed at 23,340.56 on July 21, 2025, saw a rise of 42.57 points or 0.18% on that day [1].

The opening increase can be attributed to several factors. Firstly, the strong earnings reports from major tech companies, including TSMC and MediaTek, have bolstered investor confidence. TSMC, the world's largest contract chipmaker, reported a historic high net profit in the second quarter and upgraded its sales growth forecast for 2025 to 30% from 24-26% [2]. MediaTek, a leading smartphone IC designer, also saw a 1.06% increase in its stock price [1].

Secondly, the anticipation of Apple's upcoming iPhone launch has been a significant driver for supply chain stocks. Largan Precision, a major optics supplier, rose 4.06% to NT$2,435, while Shin Zu Shing closed at the daily limit of NT$235.5 [3].

Positive sentiment around generative AI and Nvidia’s performance has also lifted related Taiwanese firms. Shenmao Technology rose 6.85%, Wiwynn added 5.5%, and Elite Material increased 5.34% [3].

Analysts note that the market is now awaiting clarity on US tariffs, which could either support market stability or undermine sentiment if delays occur [3].

References:
[1] https://focustaiwan.tw/business/202507210015
[2] https://www.ainvest.com/news/biggest-stock-market-stories-friday-tech-giants-earnings-2507-89/
[3] https://www.taiwannews.com.tw/news/6159173