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Taiwan Stocks Close Higher as Formosa Plastics Group Leads Market Rebound
Electronic Technology · Semiconductors · economic_daily · 2026-10-14
Taiwan stocks ended the session up 284.52 points at 48,625.83, driven by a strong rally in the plastics sector while tech giants saw gains taper off.
What Happened
Market Performance: The Taiwan Stock Exchange experienced significant volatility today, briefly reclaiming the 49,000-point level before closing at 48,625.83, up 284.52 points on a turnover of NT$928.62 billion.
Sector Rotation: The Formosa Plastics Group acted as the primary market driver, with Formosa Plastics and Formosa Chemicals & Fibre hitting limit-up, fueling a broad rally across traditional sectors including glass, cables, and textiles.
Tech Sector Lull: Electronic stocks struggled to maintain momentum throughout the day; TSMC finished flat at 2,490 NTD, while MediaTek slipped into negative territory, ending the session down 50 NTD.
Upcoming Catalysts: Investors are now shifting their focus toward the upcoming U.S. September CPI release and TSMC's highly anticipated earnings call on the 15th, which will provide insights into capital expenditure and global strategy.
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Traditional industry stocks, led by the Formosa Plastics Group, drove the Taiwan stock market to a 284.52-point gain today.