Taiwan’s stock market surged nearly 500 points to 21,602 after TSMC Chairperson C. C. Wei (魏哲家) confirmed strong demand for humanoid robot chips and encouraged investors to buy more shares in the company. At the shareholders’ meeting on Tuesday, Wei stated that robot chips are performing well and results will appear in financial reports, driving TSMC's stock price and related supply chain companies higher in today's trading.
Despite ongoing tariff concerns disrupting global financial markets, Wei's comments at the shareholders' meeting provided market optimism. His bullish remarks energized Taiwan's robot-related supply chain stocks, with the Taipei market opening higher and rising nearly 500 points before noon, driven by TSMC's strong performance, challenging the NT$1,000 (US$33) threshold.
Local investment advisors note that while the Trump administration continues generating negative news, U.S. stocks remain strong, providing no reason for Taiwan's market to decline independently. Although TSMC acknowledged that the New Taiwan dollar's 8% appreciation impacts gross margins by 3%, the market already reflected currency headwinds before the Dragon Boat Festival. With Nvidia reaching the world's highest market capitalization, Taiwan's related supply chains remain buoyant, suggesting the index should maintain high-level consolidation.