Taiwan's Taiex I index rises 1.3% to 24,494.58 at close

Taiwan's Taiex I index rises 1.3% to 24,494.58 at close

Taiwan's stock market closed on a positive note, with the Taiwan Capitalization Weighted Stock Index, or TAIEX, rising 1.3% to 24,494.58. The index closed higher despite initial weakness driven by global market pressures and profit-taking at record highs. The late-session strength in TSMC helped mitigate losses, indicating a resilient market performance [1].

Key contributors to the day's gains included TSMC, which recovered to close 0.43% higher at NT$1,165. Meanwhile, Foxconn slipped 2.46% to NT$198.5, and MediaTek lost 0.73% to NT$1,360. Mercuries Life Insurance hit its daily limit of NT$6.11, driven by bidding interest from CTBC Financial Holding and foreign institutions. HTC gained 3.55% to NT$72.9, reaching a three-year high, on the back of strong sales of its AI-powered smart glasses, the Vive Eagle [1].

The aerospace and defense sector also performed well, with Microelectronics Technology hitting the daily limit at NT$10.75, and other companies like Complex Micro Interconnection, Abonmax, and Acme Electronics showing gains of 6.72%, 5.86%, and 4.26%, respectively. Edom Technology extended its rally, rising to its fifth consecutive daily limit at NT$42.05, after being named a partner in Nvidia’s new Jetson AGX Thor AI platform. Nanpao Resins Chemical also climbed, entering the advanced semiconductor packaging materials market and hitting a record intraday high of NT$445 before easing to close at NT$424, up 4.31% [1].

Investors were cautioned by Chi Far Securities Investment Consultant analyst Lee Yung-nien to be mindful of short-term risks, noting the potential negative effects from US tariffs and the market's sensitivity to such uncertainties [1]. This comes as TSMC prepares to implement significant price hikes, expected to start in 2026, impacting chip production costs for major clients like Apple and NVIDIA. The company plans to raise prices by 5-10% for advanced nodes below 5nm, including the 2nm process scheduled for mass production by late 2025 [2].

References:
[1] https://www.taiwannews.com.tw/news/6191427
[2] https://www.trendforce.com/news/2025/09/05/news-tsmc-to-implement-a-significant-price-hike/