Electronics and Financial Stocks Surge, Taiwan Stock Market Closes Up 412 Points

(Central News Agency reporter Chung Jung-feng, Taipei, June 16) The Bank of Japan raised interest rates by 1 basis point (0.25 percentage points) but maintained its accommodative monetary policy. As a result, stock markets in Japan and South Korea turned upward in afternoon trading. Taiwan's stock market opened higher and traded with volatility, led by strong performances from major electronics stocks such as TSMC, MediaTek, and Delta Electronics, while the financial index reached a new historical high and memory-related stocks advanced.

The weighted index closed at 45,809.19 points, up 412.2 points (0.91%), with a trading value of NT$1.19779 trillion. The electronics index closed up 0.94%, while the financial index hit an intraday high of 3,149.17 points, a new record, and closed at 3,138.34 points—another record closing high—with a gain of 2.15%. The OTC index, representing small and mid-cap stocks, saw its gains narrow, closing up 0.21%.

TSMC, the world's largest contract chipmaker, closed at NT$2,400, up NT$25 (1.05%), increasing its market capitalization to NT$62.23 trillion.

Other major electronics stocks: MediaTek closed at NT$4,560, up 2.01%; Delta Electronics at NT$2,230, up 0.9%; Hon Hai at NT$269, up 0.56%; ASE Holding at NT$592, up 0.34%. UMC closed at NT$141, down 0.35%. Powerchip closed at NT$71, down 3.14%.

Memory sector: Nanya Technology closed at NT$425, up 7.46%; Winbond Electronics at NT$197, up 4.23%. Among passive component leaders, Yageo briefly touched the NT$1,000 mark in early trading but pulled back, closing at NT$950, up 1.06%. Walsin Technology closed at NT$494, hitting the daily trading limit.

Among high-priced stocks exceeding NT$1,000, performance diverged: M31 Technology fell below the NT$1,000 threshold, while GlobalWafers hit the daily limit at NT$1,045. The group of high-priced stocks remained at '49 golden shares'.

Wei Yung-hsiang, fund manager of Taishin Taiwan Advantage Growth Active ETF, noted that the Taiwan market opened higher and traded with volatility following the peace agreement between the U.S. and Iran and the expected reopening of the Strait of Hormuz.

Looking ahead, Wei analyzed that after the U.S.-Iran ceasefire, the trajectory of international oil prices will be critical. If prices remain elevated, the impact on U.S. inflation and economic outlook will need to be monitored. Additionally, the Federal Reserve's interest rate policy direction—particularly any shift toward rate hikes—will be the biggest variable affecting global stock markets.

Wei added that Taiwan's market faces short-term volatility at high levels due to increasing technical divergence, rising margin balances, and foreign investors maintaining high hedging positions in Taiwan index futures. He emphasized a 'stock-picking over market-timing' strategy.

(Edited by Lin Chia-hsien) 1150616

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