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October 29 Market Brief: Taiwan Stocks Reclaim 47K, UMC Price Hikes, and SK Hynix Memory Outlook
Electronic Technology · Semiconductors · economic_daily · 2026-10-28
Key financial updates include Taiwan's stock market rebound, UMC's plan to raise mature process prices, SK Hynix's long-term memory shortage warning, and new Japanese anti-dumping duties on steel.
What Happened
Taiwan Stock Market Rebound: Driven by a strong performance in US markets and year-end institutional window dressing, the Taiwan index surged 939 points to close at 47,035. The index successfully reclaimed the quarterly moving average, signaling a significant recovery in investor sentiment.
Rising Real Estate Loan Risks: Financial regulators reported that non-performing loans for mortgages and construction projects have reached multi-year highs. Banking experts warn that due to sluggish property transactions and borrower liquidity issues, these elevated NPL levels are unlikely to decrease in the near term.
Memory and Foundry Outlook: SK Hynix announced that its DRAM and HBM capacity is fully booked through 2029, projecting supply shortages to persist until 2030. Meanwhile, UMC plans to increase prices for mature process nodes by 10% next year while pivoting toward AI-driven technologies like silicon photonics.
Steel Trade Developments: Japan has imposed anti-dumping duties on stainless steel cold-rolled products from China and Taiwan. Due to a favorable tax differential, Taiwanese manufacturers such as Yieh United and Tang Eng are expected to gain a competitive pricing advantage in the Japanese market.