At a critical moment when the market holds its breath waiting for the latest interest rate decision from the Federal Reserve (Fed), the Taipei stock market showed resilience today (10th). Driven by the strong performance of the heavyweight Taiwan Semiconductor Manufacturing Company (TSMC) (2330), which surged at the end of the trading session to close at the day's highest point of NT$1505, the weighted index opened high and continued to rise, ending up 218.13 points, or 0.77%, at 28,400.73 points, recovering all moving averages. The market was active, with a total trading value reaching NT$492.18 billion. The market is poised for a challenge to the historical high of 28,554 points set in November.
TSMC's financial report and outlook are both excellent, stock price hits new high at the end of trading
Today's bullish commander is undoubtedly TSMC. Although TSMC's stock price briefly touched the NT$1500 mark during yesterday's trading, it failed to hold that level by the close. Today, it opened at NT$1490 and steadily climbed upwards, with a surge in buy orders at the end of the session pushing the stock price up to NT$1505, an increase of NT$25 or 1.69%, closing at the day's highest point with a trading volume of approximately 23,000 shares.
The strong performance of TSMC's stock price has its reasons. The company announced impressive revenue figures for November after the market closed, with consolidated revenue reaching NT$343.614 billion. Although this represents a slight decrease of 6.5% from the previous month, it marks a year-on-year increase of 24.5%, setting a historical record for the same period. Cumulatively, revenue for the first 11 months has surpassed NT$3.4 trillion, rewriting historical records. Analysts interpret that driven by the continued explosion in AI demand, TSMC's revenue in the fourth quarter is not only expected to exceed the high end of financial forecasts but may also approach the milestone of NT$1 trillion in a single quarter, with strong fundamentals providing solid support for the stock price.
Electronic blue-chip stocks lead, capital market remains hot
In addition to TSMC's dominance, other electronic blue-chip stocks also played important roles. MediaTek (2454) surged NT$40, an increase of 2.82%, closing at NT$1460; major testing and packaging company ASE Technology Holding Co., Ltd. (3711) also rose nearly 2%. However, market funds showed rotation, with some AI benchmark stocks like Hon Hai (2317) and Quanta Computer (2382) experiencing slight pullbacks.
Notably, the high-priced stock group remains active. Networking giant Zyxel (2345) hit the upper limit of NT$1090 during trading and locked in at that price until the close, rejoining the &#34;thousand-dollar club,&#34; indicating that the ecosystem of high-priced stocks is still thriving.
Themed stocks showcase their strengths, silicon photonics and PCB groups attract attention
While blue-chip stocks stabilize the market, funds are actively seeking growth-themed targets. The recently hot &#34;silicon photonics&#34; group, despite some stocks being listed for disposal or attention, has not halted its upward momentum, with Zhongda-KY (4977) soaring nearly 9% and Boruiwei (3163) also rising over 6%.
Additionally, the PCB group’s Jincheng (8358) saw a resurgence in buying after the disposal ended, with the stock price strongly hitting the upper limit and locking in at NT$279, setting a new historical high, becoming another highlight of the market.
Institutional movements and market outlook: closely watch Fed trends, capital market is promising
From a funding perspective, the market is relatively optimistic ahead of the Federal Reserve's decision. KGI Securities analysis points out that the Taiwan stock market's moving averages are in a bullish arrangement, and trading volume has rebounded above the 5-day and 20-day average volumes, which is favorable for the index to consolidate and then challenge previous highs. National Development Fund Securities believes that under the atmosphere of expected interest rate cuts in December and the possibility of a dovish Federal Reserve chairman next year, the weakening of the US dollar and the strengthening of the New Taiwan dollar will help consolidate foreign capital, providing liquidity support for the Taiwan stock market.
Currently, the market generally expects the Federal Reserve to initiate interest rate cuts at this meeting. Kevin Hassett, a former White House economic advisor and a popular candidate for the next Federal Reserve chairman, recently stated that there is ample room for further interest rate cuts. This easing expectation has created a favorable funding environment for global stock markets.
In summary, the Taiwan stock market today has carved its own path amid impressive earnings reports from leading companies and expectations of global monetary easing. Although tomorrow's post-meeting statement from the Federal Reserve and Chairman Powell's remarks will affect international market nerves, as long as the trend remains unchanged, the Taiwan stock market, supported by both fundamentals and funding, is still expected to challenge previous historical highs after short-term fluctuations. Investors should closely monitor the Federal Reserve's guidance on next year's interest rate path and the movements of foreign capital in the Taiwan stock market

The Taipei stock market rose by 218.13 points today, closing at 28,400.73 points, driven by a strong late surge in Taiwan Semiconductor (2330), preparing to challenge its historical high. Taiwan Semiconductor's stock price closed at NT$1,505, with an increase of 1.69% and a trading volume of approximately 23,000 lots. The company's revenue in November reached a historical high, with a year-on-year increase of 24.5%. MediaTek (2454) and ASE Technology Holding Co., Ltd. (3711) also showed strong performance, with active market capital

- The Taipei stock market showed resilience, closing up 218.13 points at 28,400.73, driven by TSMC's strong performance, which reached a high of 1,505 TWD.  
- TSMC reported impressive November revenue of 343.61 billion TWD, marking a 24.5% year-on-year increase, bolstering expectations for strong fourth-quarter earnings amid rising AI demand.  
- Market optimism prevails ahead of the Fed's interest rate decision, with analysts predicting potential rate cuts that could enhance liquidity and support the Taiwanese stock market's upward momentum.

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Taiwan Semiconductor

MediaTek

Taiwan Semiconductor's Shenlong tail attack rises to NT$ 1,505, and the Taiwan stock market rises by 218 points, undeterred by the Fed's decision before the turbulence, ready to challenge historical highs