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Taiwan Stocks Surge Past 47,000 Mark as AI Momentum Drives Broad Rally
Electronic Technology · Semiconductors · economic_daily · 2026-10-29
Taiwan's stock market jumped 939 points, reclaiming the 47,000 level, fueled by strong AI demand and positive outlooks from major memory manufacturers despite global macro headwinds.
What Happened
Market Rally: The Taiwan Weighted Index surged 939 points to close at 47,035, driven by a massive rally in AI-related stocks. Electronic components and semiconductor shares led the gains, with market sentiment shifting back to a bullish stance as trading volume reached NT$722.1 billion.
Global Macro Factors: While the Federal Reserve maintained current interest rates, ongoing inflation concerns and geopolitical tensions in the Middle East continue to create market volatility. Despite these pressures, the Philadelphia Semiconductor Index saw four consecutive days of gains, supported by strong demand forecasts from SK Hynix.
Industry Developments: Japan has imposed anti-dumping duties on stainless steel imports from Taiwan and China, impacting the local steel sector. Conversely, the long-term outlook for the semiconductor industry remains robust, with SK Hynix projecting that HBM and DRAM supply will remain tight through 2030.
Investment Outlook: Technical indicators suggest a return to a bullish trend, though investors should remain cautious due to mixed earnings results from major U.S. tech firms. Analysts recommend maintaining portfolio flexibility and focusing on high-growth sectors like semiconductor equipment, PCB supply chains, and AI-related hardware.