Taiwan Stocks Surge in Q2, Up 14,402 Points; H1 Gains 17,162 Points, Setting Records

(CNA) Taiwan stocks showed strong performance today, reaching an intraday high of 46,637.86 points, an increase of 1,637.96 points, marking the third-largest intraday point gain in history. The market closed at 46,125.91 points, up 1,126.01 points, with a turnover of NT$1.203323 trillion. Taiwan stocks rose 1,392.97 points in June, 14,402.92 points in the second quarter, and 17,162.31 points in the first half of the year, setting records for the largest quarterly and half-year gains.

TSMC opened higher today with a gap, reaching an intraday high of NT$2,475. Its gains moderated by the close, ending at NT$2,410, up NT$40. Its market capitalization climbed to NT$62.49 trillion, contributing approximately 317 points to the broader market.

Other major electronics stocks, including MediaTek, Delta Electronics, Hon Hai, ASE Technology Holding, Yageo, and Kinsus Interconnect Technology, also closed higher. The overall electronics sector index rose by 2.87%.

Silicon wafer, passive components, power components, substrate, and defense industry stocks were strong performers. Among them, GlobalWafers, Sino-American Silicon Products, Formosa Advanced Technologies, Yageo, Taimide, King Yuan Electronics, and Chunghwa Picture Tubes, among others, hit their upper price limits.

With the stock prices of Kinsus Interconnect Technology, G-Pro Technology, Chaun Chou Technology, and GlobalWafers surpassing the NT$1,000 mark, Taiwan now has 53 stocks trading above NT$1,000. Wanrun and AP Memory closed at NT$998, and Jih-Lin Enterprise closed at NT$977. It is anticipated that the number of Taiwan stocks trading above NT$1,000 may continue to grow.

Traditional industry stocks saw mixed performance. The glass sector index surged by 9.51%, the plastics sector index rose by 6.33%, and the cable sector index increased by 3.76%, showing relatively strong performance. Cement, food, textile, and rubber sector indices closed lower, indicating relatively weaker performance.

Senior analyst Liu Kun-hsi stated that the market is concerned about potential interest rate hikes by the US, and that there are emerging concerns surrounding artificial intelligence (AI). Although the weighted index today surpassed its 5-day and monthly moving averages, Taiwan stocks remain in a consolidation phase. The performance of large-cap stocks will be key to influencing the future direction of the Taiwan stock market. (Editor: Chang Chun-mao) 1150630

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