The number of accounts created to trade on the Taiwan Stock Exchange (TWSE) hit a new high last month, even if market sentiment was affected by US President Donald Trump’s tariff polices, the exchange said yesterday.
There were 13.48 million trading accounts opened as of the end of last month, up about 32,000 from the end of May, and also up 264,000 from the end of last year, TWSE data showed.
The stock market took a major hit in April, after Trump announced sweeping tariffs on most US trading partners, including a 32 percent duty for Taiwan, and has remained jittery since then due to Trump’s threats to impose tariffs on semiconductors, the backbone of Taiwan’s exports, and the rapid appreciation of the New Taiwan dollar against the US dollar, meaning foreign exchange losses for Taiwanese exporters.
Photo: Ritchie B. Tongo, EPA-EFE
In the first half of this year, the TAIEX fell 779.08 points, or 3.38 percent, after soaring 28.47 percent last year.
However, the number of stock trading accounts rose, with accounts opened by those aged 61 or older recording the highest growth of 225,375 in the first half, the data showed.
That age group held about 4.03 million stock trading accounts as of the end of last month, accounting for 29.92 percent of the total, the most of any age group, the data showed.
Meanwhile, investors aged 19 or younger had 592,232 accounts, or 4.44 percent of the total, while those aged 20 to 30 had 1.68 million accounts, or 12.49 percent, and those aged 31 to 40 had 2.19 million accounts, or 16.28 percent.
Those 41 to 50 had 2.58 million accounts, or 19.15 percent of the total, while those aged 51 to 60 had 2.32 million accounts, or 17.23 percent, the data showed.
The TAIEX yesterday closed up 24.02 points, or 0.11 percent, at 22,577.74 due to last-ditch buying focused on select electronics and old economy heavyweights, but market sentiment remained cautious over the US’ uncertain tariff policies, dealers said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday said its materials management head, Vanessa Lee (李文如), had tendered her resignation for personal reasons. The personnel adjustment takes effect tomorrow, TSMC said in a statement. The latest development came one month after Lee reportedly took leave from the middle of last month. Cliff Hou (侯永清), senior vice president and deputy cochief operating officer, is to concurrently take on the role of head of the materials management division, which has been under his supervision, TSMC said. Lee, who joined TSMC in 2022, was appointed senior director of materials management and
Nvidia Corp CEO Jensen Huang (黃仁勳) on Thursday met with US President Donald Trump at the White House, days before a planned trip to China by the head of the world’s most valuable chipmaker, people familiar with the matter said. Details of what the two men discussed were not immediately available, and the people familiar with the meeting declined to elaborate on the agenda. Spokespeople for the White House had no immediate comment. Nvidia declined to comment. Nvidia’s CEO has been vocal about the need for US companies to access the world’s largest semiconductor market and is a frequent visitor to China.
MAJOR CONTRIBUTOR: Revenue from AI servers made up more than 50 percent of Wistron’s total server revenue in the second quarter, the company said Wistron Corp (緯創) on Tuesday reported a 135.6 percent year-on-year surge in revenue for last month, driven by strong demand for artificial intelligence (AI) servers, with the momentum expected to extend into the third quarter. Revenue last month reached NT$209.18 billion (US$7.2 billion), a record high for June, bringing second-quarter revenue to NT$551.29 billion, a 129.47 percent annual increase, the company said. Revenue in the first half of the year totaled NT$897.77 billion, up 87.36 percent from a year earlier and also a record high for the period, it said. The company remains cautiously optimistic about AI server shipments in the third quarter,
Hypermarket chain Carrefour Taiwan and upscale supermarket chain Mia C’bon on Saturday announced the suspension of their partnership with Jkopay Co (街口支付), one of Taiwan’s largest digital payment providers, amid a lawsuit involving its parent company. Carrefour and Mia C’bon said they would notify customers once Jkopay services are reinstated. The two retailers joined an array of other firms in suspending their partnerships with Jkopay. On Friday night, popular beverage chain TP Tea (茶湯會) also suspended its use of the platform, urging customers to opt for alternative payment methods. Another drinks brand, Guiji (龜記), on Friday said that it is up to individual
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