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Traditional Industries Lead Taiwan Stock Market Rebound
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-10-14
Traditional industry stocks, led by the Formosa Plastics Group, drove the Taiwan stock market to a 284.52-point gain today.
What Happened
Market Overview: The Taiwan stock market rebounded today, supported by strong performance in traditional industries. The weighted index rose 284.52 points to close at 48,625.83, with a total turnover of NT$928.62 billion as capital flowed back into non-tech sectors.
Leading Sectors: The Formosa Plastics Group was a major highlight, with Formosa Plastics and Formosa Chemicals & Fibre hitting the daily limit. This surge, fueled by record-breaking Q3 earnings from Nan Ya Plastics, pushed the plastics sector index up by 9.27%.
Broad Gains: Beyond plastics, various traditional sectors including cement, food, textiles, machinery, cables, glass, paper, steel, rubber, and automotive all posted gains of over 1%. This indicates a widespread recovery across the traditional industrial landscape.
Tech Performance: In contrast to the strength seen in traditional industries, the electronics sector saw more muted gains, with the sub-index rising by only 0.31%. The shift in market sentiment favored traditional stocks, which served as the primary catalyst for the day's gains.