TAIEX Jumps 3.62% to 44,257.15 in Sixth-Largest Point Gain

The Taiwan Stock Exchange Capitalization Weighted Index, or TAIEX, closed sharply higher on Wednesday, November 11, as semiconductor and financial stocks extended the market's rebound from last week's sell-off. The index finished at 44,257.15, up 1,545.23 points, or 3.62 percent, from Tuesday's close of 42,711.92. It ended at the session high after trading as low as 42,708.05.

TSMC Drives The Rebound

According to Focus Taiwan, Taiwan Semiconductor Manufacturing Co. rose 4.81 percent to NT$2,395.00 and contributed about 880 points to the index advance. The move followed TSMC's announcement of a record NT$9 quarterly cash dividend per share, up from NT$7 for the previous quarter, and October consolidated sales of NT$586.89 billion, an increase of 59.7 percent from a year earlier.

The sales data reinforced expectations of continued demand for artificial-intelligence applications. TSMC accounts for more than 40 percent of Taiwan's total market value, making its performance a significant influence on the benchmark. Other technology shares also advanced: MediaTek gained 4.18 percent to NT$3,990.00, while United Microelectronics rose 3.48 percent to NT$104.00. The electronics index increased 3.98 percent.

Broad Gains Across Market Groups

Buying extended beyond chipmakers. The financial index rose 2.46 percent, with Fubon Financial up 4.25 percent and Cathay Financial higher by 2.73 percent. Materials and transport stocks also participated, while fiberglass-cloth and printed-circuit-board companies recorded strong gains as investors focused on demand connected to electronics manufacturing.

Taiwan News reported that the advance was the TAIEX's sixth-largest single-day closing point gain. Turnover totaled NT$849.17 billion, or about NT$849.2 billion, below the roughly NT$1.03 trillion recorded in the previous session. The report also noted that the index had risen for a third consecutive session after last week's steep decline.

Rebound Meets A Higher Resistance Zone

The latest rise has restored the index above 44,000 points, but the scale of the rebound also leaves the market close to a potential resistance area. CNA cited an analyst who identified 45,144 points, the 20-day moving average, as a level to watch. That technical observation is an assessment rather than a forecast, and the index's future direction will remain sensitive to technology demand, foreign investor flows and broader interest-rate expectations.

Further coverage of the Taiwan Weighted index is available on the TAIEX topic page.