TAIPEI (TVBS News) — Taiwan's stock market closed on a high note on Wednesday (Jan. 22), marking the highest closing point in the history of the Chinese zodiac year-end. The market surged 30% over the year, gaining 5,429.34 points. The stock market rose for the third consecutive day, closing at 23,525.41 points with a 225.40-point increase, a 0.9% rise, and a transaction amount of NT$346.297 billion. The OTC index also rose by 0.7%.
TSMC (台積電) led the charge, closing at NT$1,135, up NT$15. Other sectors also flourished, with standout performances from sporting goods, electronics components, heavy electrical, and more. Stocks like Sports Gear (志強-KY) and Delta Electronics (台達電) showed strong growth. Airlines like China Airlines (華航) and Evergreen (長榮航) also saw gains, reflecting a broad market rally across various industries.
Analysts have cautioned that important international economic data, such as decisions from the Bank of Japan and the Fed, will emerge during the Lunar New Year holiday. Additionally, the inauguration of U.S. President Trump could impact related concept stocks, with sectors like AI, military, and biotech poised to benefit in the short term.
With fewer working days in January due to the holiday, the market will reopen on Feb. 3 for the Year of the Snake. Investors should consider early positioning in sectors like heavy electrical and renewable energy, which are expected to gain momentum with upcoming exhibitions.
