Taiwan Stocks Hit 40,000 Points then Retreat: TSMC Pressed at Close to NT$2,215
The Taiwan stock market briefly touched a record 40,101 points today but closed lower as profit-taking emerged. TSMC's drop at the close dragged the index back below the 40,000-point mark.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 15:56
- 🔍 Collected: April 28, 2026 at 16:02 (5 min after Published)
- 🤖 AI Analyzed: April 28, 2026 at 17:04 (1h 2m after Collected)
The Taiwan stock market surged 484 points early today to reach 40,101.23 points. However, a wave of profit-taking followed, as TSMC rested and capital flowed out of electronic stocks. TSMC was pushed down in the final trade to close at its daily low of NT$2,215, weighing on the overall market. The 40,000-point milestone was lost, with the Weighted Index closing at its daily low of 39,521.73 points, down 94.9 points or 0.24%. The transaction value was NT$1.0296 trillion.
The electronic index fell 0.48%, the semiconductor index dropped 1.13%, while the financial index rose 0.6%. The OTC index, representing small and medium-sized stocks, climbed 1.33%.
TSMC ended the day down NT$50 or 2.21% at NT$2,215. MediaTek hit an intra-day record high of NT$2,675 before closing at NT$2,615, up 7.39%. Foxconn fell 1.1% to NT$225.5. Memory maker Macronix, which turned a profit in Q1, hit the daily price limit at NT$159.5 with over 240,000 shares traded. Nanya Technology rose 4.86% to NT$237.5 on news of joining Nvidia's AI server Vera Rubin supply chain. Semiconductor material stocks were weak, with GlobalWafers down 6.45% and Sino-American Silicon Products down 5.94%.
Li Fang-guo, chairman of Uni-President Securities, told CNA that while yesterday's market was driven by TSMC, today's market was healthier with capital returning to companies with solid performance. He expects the bull market to last until July, supported by capital momentum and positive earnings reports from US tech companies. He noted that the upcoming Fed meeting is expected to keep rates unchanged, with Chairman Jerome Powell's term ending soon.
The electronic index fell 0.48%, the semiconductor index dropped 1.13%, while the financial index rose 0.6%. The OTC index, representing small and medium-sized stocks, climbed 1.33%.
TSMC ended the day down NT$50 or 2.21% at NT$2,215. MediaTek hit an intra-day record high of NT$2,675 before closing at NT$2,615, up 7.39%. Foxconn fell 1.1% to NT$225.5. Memory maker Macronix, which turned a profit in Q1, hit the daily price limit at NT$159.5 with over 240,000 shares traded. Nanya Technology rose 4.86% to NT$237.5 on news of joining Nvidia's AI server Vera Rubin supply chain. Semiconductor material stocks were weak, with GlobalWafers down 6.45% and Sino-American Silicon Products down 5.94%.
Li Fang-guo, chairman of Uni-President Securities, told CNA that while yesterday's market was driven by TSMC, today's market was healthier with capital returning to companies with solid performance. He expects the bull market to last until July, supported by capital momentum and positive earnings reports from US tech companies. He noted that the upcoming Fed meeting is expected to keep rates unchanged, with Chairman Jerome Powell's term ending soon.