Taiwan stock exchange weighted price index opens down 0.3% at 23,314.29

Taiwan stock exchange weighted price index opens down 0.3% at 23,314.29

TAIPEI (Taiwan News) — The Taiwan stock market closed higher on Friday, driven by strong earnings from TSMC and gains in AI, robotics, and Apple supply chain stocks. The Taiwan Capitalization Weighted Stock Index, or TAIEX, gained 269.85 points to close at 23,383.13. Turnover totaled NT$369 billion (US$12.5 billion), according to CNA and CTEE [1].

For the week, the TAIEX rose 632.10 points. Total market capitalization of listed companies increased to NT$75.3 trillion, up NT$2 trillion from the previous week, according to CNA [1].

TSMC, the world's largest semiconductor manufacturer, increased by 2.21% to NT$1,155 after briefly reaching an intraday high of NT$1,160. MediaTek added 1.44% to close at NT$1,410, while Foxconn rose 0.91% to NT$165.5, completing its recovery from an earlier ex-dividend adjustment in 13 trading sessions [1].

On TSMC’s earnings call, Chair and CEO C.C. Wei (魏哲家) mentioned that future demand for humanoid robots could be 10 times higher than that for electric vehicles, which sparked a rally in robotics stocks. Aurotek, Kye Systems, Trinity Precision Technology, Ace Pillar, and Cheng Uei Precision Industry all hit the daily limit [1].

AVerMedia Technologies, Taiwan Benefit, Pan-International Industrial, and EverFocus Electronics also posted strong gains. Anticipation of Apple’s upcoming iPhone launch boosted 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 [1].

Additional gains were seen in Advanced Wireless Semiconductor, G-Shank Enterprise, Foxconn Technology, AIchip Technologies, eMemory Technology, Taiwan Union Technology, and Fositek [1].

MiTAC Holdings rose for a second straight session, adding 0.85% to NT$71.2 and recording the highest trading volume of the day, with 195,000 lots, or 195 million shares, traded. The company was supported by resumed exports of Nvidia and AMD products to China and its inclusion in a newly launched exchange-traded fund [1].

Positive sentiment around generative AI and Nvidia’s performance further lifted related Taiwanese firms. Shenmao Technology rose 6.85%, Wiwynn added 5.5%, and Elite Material increased 5.34% [1].

Analyst Wang Jung-hsu (王榮旭) said the market’s rise was largely driven by positive sentiment following TSMC’s earnings call, which reinforced confidence in ongoing AI development. Combined with strong gains in US markets, this optimism led investors to boost their holdings in tech stocks, anticipating that solid AI-related earnings could help cushion the impact of potential US tariff pressures [1].

Wang noted that the market is now awaiting clarity on US tariffs. Regardless of the outcome, he said clearing up the uncertainty would support market stability, while delays may undermine sentiment [1].

References:
[1] https://www.taiwannews.com.tw/news/6159173