Taiwan’s stock market experienced a positive start on Monday, fueled by optimism surrounding US-China trade negotiations and the upcoming Computex 2025 tech expo. The Taiwan Stock Exchange Capitalization Weighted Stock Index, also known as TAIEX, closed higher, gaining 214.5 points to reach 21,129.54. Investors showed particular interest in robotics and artificial intelligence-related shares in anticipation of the major tech event.
Noteworthy movements were seen in key stocks such as TSMC, which saw a slight increase, while MediaTek witnessed a minor decline. However, Foxconn stood out with a significant 4.08% rise. The focus of investors remained on AI-related companies, especially with the upcoming visit of Nvidia CEO Jensen Huang to Taiwan for engagements with supply chain partners and a keynote speech at Computex on May 19.
Several companies, including Synpower, Macnica Galaxy, Taiwan Benefit, and Yinghan Technology, hit the daily trading limit following strong performances in the previous week. Others like Aurotek, Ace Pillar, and Tongtai Machine also experienced similar gains. Machine tool manufacturers like Taiwan Takisawa Technology and Falcon Machine Tools saw their stocks rise by over 5%.
One notable performer was Alchip Technologies, an application-specific integrated circuit designer, which closed at the daily limit after reporting a significant increase in net profit for the first quarter compared to the previous year. The company also addressed market speculation regarding potential delays in chip orders.
Shipping stocks saw improvements in sentiment following positive developments in global geopolitics, with Russian-Ukrainian talks in Turkey and gains in companies like Chinese Maritime Transport, Franbo Lines, and U-Ming Marine Transport. Traditional sectors such as electric machinery, textiles, cables, glass, paper, and shipping also posted gains, while food, rubber, and tourism stocks faced declines.
Analysts advised investors to keep an eye on semiconductor tariffs and exchange rate fluctuations, emphasizing the need for thorough research before making investment decisions. Mega International Vice President Huang Kuo-wei expressed optimism about the US-China trade statement and its impact on Taiwan’s market, noting that Computex-related gains could depend on the actual outcomes of the event.
Computex 2025, scheduled for May 20–23, will focus on the theme “AI Next” and showcase innovations in AI computing, smart mobility, advanced connectivity, and sustainable technology. With 1,400 exhibitors expected to participate, the event is set to be a significant platform for technological advancements in various industries.
As the market remains dynamic, investors are encouraged to stay informed and conduct thorough analysis to navigate the fluctuations and capitalize on emerging opportunities.