TAIPEI (TVBS News)— Taiwan's stock market opened with a 106.11-point increase, reaching 23,226.35 points on Wednesday (Dec. 25). Influenced by the strong performance of the U.S. stock market indices on Christmas Eve, the market ascended further, peaking at 23,296 points.
Investors in Taiwan celebrated a robust stock market rally, driven by key stocks such as TSMC (台積電), Quanta Computer (廣達), and Hon Hai (鴻海). TSMC rose by NT$10 to reach NT$1,090, Hon Hai increased by NT$1 to NT$186.5, and MediaTek Inc. (聯發科) climbed NT$15 to close at NT$1,420.
As key stocks showed significant gains, the market had opened high but closed at 23,120.24 points a day earlier, maintaining a strong bullish trend above all moving averages. Analysts remain optimistic about year-end account settlements, suggesting the market might aim for a high of 23,713 points.
As the trading year winds down to its final five days, foreign investment remains steady. Institutional investors collectively bought over NT$17.159 billion, with foreign investors alone purchasing NT$14.252 billion on Tuesday. Proprietary traders also contributed NT$4.705 billion, maintaining a two-day buying streak of NT$62.443 billion.
