Taiwan Stock Market Opens with TSMC at Record High Amid Mixed Trading
Table of Contents
You might want to know
- What impact did TSMC's new price high have on the market?
- How are various corporations aligning strategically with AI trends?
Main Topic
On September 30, major U.S. indices experienced volatility amidst the **Federal Reserve's** rate cut expectations dwindling, showcasing mixed results. However, positive earnings reports from technology companies, like Microsoft, helped maintain an upward trajectory on indices such as the Nasdaq and Philadelphia Semiconductor Index.
Reflecting this global sentiment, the Taiwanese stock market opened on September 31 with a modest rise of 86 points, reaching 23,547 points. Despite ongoing uncertainties surrounding US-Taiwan tariffs, the market showed resilience with the index stabilizing above all moving averages, including a mid-session peak at 23,535 points and a trading volume of 175.4 billion NT dollars.
Significantly, **TSMC's (stock code: 2330)** stock climbed 10 NT dollars to a groundbreaking 1165 NT dollars. This surge past the 1160 NT dollar threshold set a new record, highlighting TSMC as a major force in the market. Concurrently, Foxconn (2317) formed a strategic partnership with TECO (1504) to aggressively enter the AI data center space, resulting in over a 3.5% rise in the opening market price for Foxconn, while TECO benefitted substantially from a share swap strategy, achieving a limit-up position.
Delta Electronics (2308) is poised for rapid expansion in AI server production, announcing plans to amplify operations by 5 to 6 times within three years, which corresponded to a notable 9% surge at market open. Similarly, Quanta Computer (2382) saw an uptick of 2.77%, and Vanguard International Semiconductor Corporation (6669) appreciated by 3.77%.
With tariff decisions pending, **investor focus** remained on stocks with solid narratives. This included notable performances from the PCB and ABF segments, such as Taiguang Electronics (2853) and Jiadian (8021), both hitting limit-up positions. Other stocks such as Kaiwei (5948), Gaogao (6534), and Fuqiao (1815) witnessed increases of 7-8%.
The **silicon photonics sector** rebounded after previous declines, with strong financial results boosting Lianyuan (3081), hitting a record high of 410 NT dollars. Meanwhile, Huaxing Optoelectronics (4979) and Shangchi (3363) climbed over 5-6%, while Qianding (4908) and Guosheng (6442) gained 3-4%.
Analysts state that AI stocks remain the prevailing trend, fueled by **U.S. corporate investments in AI data centers**. With the U.S. government approving sales of Nvidia H20 and AMD MI308 chips to China, it suggests likely benefits for Taiwan’s AI supply chain. The index continues to support stable prices with upward signals in technical indicators, such as the KD indicator. The suggestion is to focus on stocks with strong fundamentals as the market awaits the trade tariff decisions.
A summary of performance on September 30 in the U.S. markets recorded the Dow Jones Industrial Average falling by 171.71 points (0.38%) to 44,461.28 points, while the Nasdaq rose by 31.38 points (0.15%) to close at 21,129.67 points. The S&P 500 dipped by 7.96 points (0.12%) to 6,362.9 points, and the Philadelphia Semiconductor Index gained 47.53 points (0.83%) to 5,787.32 points.
Key Insights Table
| Aspect | Description |
|---|---|
| TSMC Record High | TSMC's stock reached a new record price at 1165 NT dollars. |
| AI Partnerships | Foxconn and TECO formed a partnership focusing on AI data centers. |
Afterwards...
The continuous **advancements in AI technology**, particularly in silicon photonics, AI data processing, and semiconductor manufacturing, suggest new frontiers for technological exploration. As AI becomes deeply integrated into various sectors, a focus on **sustainable and strategic collaborations** will likely drive innovation forward. The Taiwanese market’s ability to adapt to these trends will play a crucial role in shaping its future trajectory.