The Taiwan stock market opened high on the 18th, starting at 45,972.26 points before quickly reclaiming the 46,000-point mark under heavy buying. Building on the rebound following yesterday’s futures settlement, the market surged by over 680 points intraday to reach a historic record high of 46,565.70 points. Strong performance was seen in passive components and power management IC sectors.
By 10:40 AM, the weighted index stood at 46,461.46 points, up 584.07 points or 1.27%, with an impressive turnover of NT$761.63 billion. The electronics index rose by 1.17%, while the financial index gained 1.70%.
Confidence was bolstered as the Taiwan Research Institute and the Cathay-NTU team significantly revised Taiwan's 2026 economic growth forecasts upward to 9.33% and 10.1%, respectively. Despite a hawkish debut from new Fed Chairman Kevin Warsh that led to a decline in major US indices on the 17th, the Philadelphia Semiconductor Index's 1.38% rise provided solid support for Taiwanese tech stocks.
In corporate developments, TSMC signed a 10-year cooperative agreement with global OSAT leader Amkor to deepen cooperation in advanced semiconductor packaging. TSMC's shares rose as much as 1.26% to hit NT$2,415 intraday.
Delta Electronics also attracted investor interest due to rising power demand for AI servers and data centers, with its stock rising 2.55% to NT$2,210.
Passive component stocks rallied following news of Qualcomm's entry into the AI glasses market and price hikes for aluminum electrolytic capacitors. Shares of Nichidenbo, Kaimei, and Huarong hit their daily limit, while Yageo maintained an 8% gain after briefly touching the limit at NT$1,080.
Energy equipment stocks such as Chung-Hsin Electric and TECO also saw gains of over 2%.
FACT BOX
- Source: CNA (Central News Agency)
- Category: Survey