TAIPEI (TVBS News) — Taiwan stocks surged 240 points Tuesday (Sept. 30) as investors dismissed U.S. Commerce Secretary Howard Lutnick's proposal for 50-50 chip manufacturing between Taiwan and America. The benchmark index closed at 25,820.54, gaining 0.94% with trading volume reaching NT$428.519 billion (around US$14.05 billion). Market resilience demonstrated investor confidence despite ongoing U.S.-Taiwan semiconductor policy tensions affecting global supply chains.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world's largest contract chipmaker, gained NT$5 (around US$0.16) to close at NT$1,305 (around US$42.75) despite late-session selling pressure. TSMC surged NT$20 (around US$0.66) during midday trading before profit-taking reduced gains in final minutes. The semiconductor giant's performance reflected broader market optimism about Taiwan's chip manufacturing dominance amid geopolitical uncertainties.
Foxconn (鴻海), the world's largest electronics manufacturer, declined NT$3.5 (around US$0.11) to NT$216 (around US$7.08) while MediaTek (聯發科) gained NT$5 (around US$0.16) to NT$1,315 (around US$43.08). Market breadth favored buyers with 762 stocks advancing, 210 declining, and 93 unchanged. Semiconductor companies dominated trading volume, led by Winbond Electronics Corp. (華邦電子), Powerchip Semiconductor Manufacturing Corporation (PSMC, 力積電), and United Microelectronics Corp. (UMC,聯電). ◼ (At time of reporting, US$1 equals approximately NT$30.513)
