Stock market in Taiwan potentially continues upward trend
Taiwan Stock Market Climbs for Third Consecutive Session
The Taiwan Stock Exchange (TSE) finished modestly higher on Wednesday, marking the third consecutive session of gains for the market. The TSE index climbed 214.80 points or 0.88%, ending the day just beneath the 24,520-point plateau.
In the tech sector, Taiwan Semiconductor Manufacturing Company (TSMC) continued its strong performance, with its stock jumping 1.28%. TSMC's CEO, C.C. Wei, has been at the helm since 2018 and became chairman last year. The company's recent financial performance has been impressive, with profits rising by 61% year-on-year to nearly $32 billion in Q2 2025. TSMC also announced an additional $100 billion investment in advanced semiconductor manufacturing in the U.S., underscoring continued growth and expansion.
Other tech stocks also saw mixed results. Cathay Financial rose 0.33%, Mega Financial collected 0.50%, Fubon Financial slumped 1.61%, E Sun Financial dropped 0.89%, and United Microelectronics Corporation stumbled 2.03%. Hon Hai Precision lost 0.48%, Largan Precision added 0.42%, and Catcher Technology shed 0.52%.
Elsewhere in the market, Delta Electronics surged 5.11%, while Novatek Microelectronics improved 1.16%. In the materials sector, Formosa Plastics tumbled 1.84%, but Nan Ya Plastics climbed 1.01%. Asia Cement fell 0.40%, and MediaTek, CTBC Financial, and First Financial remained unchanged.
The global forecast for Asian markets suggests a mild upside, with strength expected from the oil and technology sectors. However, traders are reluctant to make big moves ahead of Friday's Commerce Department report on personal income and spending for July.
Meanwhile, on Wall Street, the lead is upbeat, with the major averages closing with modest gains on Wednesday. The Dow Jones Industrial Average climbed 147.16 points or 0.32%, the NASDAQ added 45.87 points or 0.21%, and the S&P 500 rose 15.46 points or 0.24%.
In other news, NVIDIA (NVDA) reported earnings that increased from the same period last year and beat estimates. The Federal Reserve's preferred readings on consumer price inflation were also included in the report.
Crude oil surged on Wednesday after U.S. crude and gasoline inventories fell more than expected last week. West Texas Intermediate crude for October delivery was up $0.83 or 1.33 percent at $64.08 per barrel.
No changes were reported for Catcher Technology, Asia Cement, CTBC Financial, First Financial, or MediaTek. No new information was provided about the TSE, Taiwan Stock Exchange, or global forecast for Asian markets. The CME Group's FedWatch Tool is currently indicating an 87.2 percent chance the Fed will lower rates by a quarter point at its next monetary policy meeting in September.
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