The Taiwan Stock Exchange experienced a late surge that significantly boosted market performance, leading to a higher close for the TAIEX index. The trading session started with an upward trend, but the market witnessed fluctuations until a sudden influx of NT$27 billion in late buying activity propelled the index upwards. The TAIEX closed the session with a gain of 207.27 points, reaching 22,278.36. The day’s turnover stood at NT$339 billion, as reported by CNA and CTEE.

In a notable development, TSMC, a key player in the semiconductor industry, was reportedly engaged in discussions with major chipmakers such as Nvidia, AMD, and Broadcom regarding a potential investment collaboration. This news, particularly about a joint venture that could involve operating an Intel wafer fab, led to fluctuations in TSMC shares. Despite experiencing a price swing during the trading session, TSMC shares ultimately closed higher.

Several other tech stocks also saw positive movement, with companies like Foxconn, MediaTek, ASE Technology, and Delta Electronics registering gains. However, Asus faced a downturn after revealing a substantial bad debt allowance of over NT$5 billion due to delayed payments from an Indian client. This disclosure impacted Asus shares, causing a significant drop in value.

Additionally, the financial reports of Taiwan’s major container shipping companies, including Wan Hai Lines, Yang Ming Marine Transport, and Evergreen Marine, were released. While Wan Hai Lines announced impressive revenue and profit figures, the declaration of a cash dividend below market expectations led to a decline in its stock value. In contrast, Evergreen Marine witnessed a rise in its stock price, nearing its previous high.

There were speculations circulating about a potential surge in memory chip prices, supported by foreign investment reports indicating signs of recovery in the NAND flash sector. This technology is crucial for various electronic devices and computer systems. Companies like Winbond Electronics and other memory-related stocks experienced positive movements, with some hitting their daily limit-up.

Amidst these market dynamics, Taishin High Dividend Yield Balanced Fund A manager Liu Yu-heng shared insights on the impact of US President Donald Trump’s tariff policies on market sentiments. Although concerns about an economic recession linger, Liu viewed the tariffs as a negotiating strategy. He anticipated increased market volatility and suggested high-dividend stocks as a defensive investment option during uncertain times.

Liu highlighted that the current dividend yield of Taiwan stocks averages 2.3% and projected growth in dividend payouts. He recommended investors focus on stocks with stable dividends, above-average yields, and strong growth prospects. It is essential for investors to conduct thorough research and analysis before making investment decisions in the ever-evolving financial landscape.