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Taiwan Stocks Surge, Reclaiming Key Moving Averages as Index Nears 45,000
Electronic Technology · Semiconductors · economic_daily · 2026-08-05
2330
Led by TSMC, the Taiwan stock market rallied significantly, reclaiming monthly and quarterly moving averages as trading volume expanded and market rotation continued.
What Happened
Market Performance: Encouraged by a strong rally in the U.S. Philadelphia Semiconductor Index, the Taiwan stock market surged on the 5th, with the index rising by over 1,600 points at its peak. The market successfully reclaimed both the monthly and quarterly moving averages, nearing the 45,000-point threshold.
Leading Sectors: TSMC led the charge, driving gains across the broader market. Other sectors, including passive components, memory, ABF substrates, and glass fiber cloth, also saw significant buying interest, reinforcing the bullish sentiment.
Market Dynamics: Analysts noted that market liquidity remains robust, with capital rotating from large-cap stocks into small-to-mid-cap and high-priced stocks. This rotation indicates a healthy structural foundation for the current market rally.
Outlook: With trading volume showing a moderate recovery and market participants actively absorbing shares above the 43,000-point level, the focus remains on the stabilization of large-cap stocks and the sustainability of capital rotation across popular sectors.