Taiwan stocks hit new record high of 46,465 points, led by passive components and memory chips

The Taiwan Stock Exchange (TWSE) surged to a new record closing high of 46,465.2 points on Thursday, driven by strong performance in the passive component and memory chip sectors. The market saw broad-based gains, with over 1,100 stocks advancing during the trading session.

The index opened higher, buoyed by gains in key technology stocks such as TSMC, MediaTek, and Taipower. The momentum continued as high-priced stocks, along with electronic sectors including memory, ABF substrates, passive components, and low-orbit satellites, as well as traditional industries and financial stocks, all contributed to the upward trend. The index briefly touched an intraday high of 46,565 points, marking a significant milestone.

However, the rally's strength was partially moderated by late-session declines in prominent electronic stocks, including Hon Hai, MediaTek, and Sino-American Crystal. Despite these pullbacks, the index ultimately closed with a gain of 587.81 points, surpassing previous records.

Trading volume was substantial, reaching NT$1.54 trillion. Among the top 10 stocks by trading value, most saw gains. TSMC rose NT$25 to close at NT$2,410, leading in turnover. Yageo hit its upper limit, closing at NT$1,080, and ranked second in turnover. Nanya Technology and Winbond Electronics also saw significant gains, closing at NT$459.5 and NT$218.5 respectively, with Winbond also hitting its upper limit.

Other notable movers included Innolux, which closed at its upper limit of NT$64.4. UMC gained NT$5.5 to close at NT$145.5, while Walsin Technology rose NT$19 to NT$561. Zhen Ding Technology and AU Optronics also finished higher.