Taiwan’s stock market set six record highs in 2025 and is aiming to overtake Canada to become the world’s sixth-largest equity market by capitalization, the Taiwan Stock Exchange (TWSE) said yesterday.
TWSE data showed that six key indicators reached all-time highs last year: the year-end benchmark index, average daily turnover, total market capitalization of listed firms, combined revenue of listed companies, funds raised through initial public offerings (IPOs), and securities transaction tax revenue.
Speaking at a news conference in Taipei, TWSE chairman Sherman Lin (林修銘) said global markets last year were shaped by rising geopolitical risks, intensifying trade protectionism and heightened volatility. Despite these challenges, Taiwan’s equity market demonstrated resilience and steady growth, he said.
Photo: CNA
According to the TWSE, the TAIEX closed the final trading session of last year at 28,963.6 points, while average daily turnover reached a record NT$416 billion (US$13.17 billion).
A total of 45 companies applied to be listed last year, the highest number since 2008, while IPO fundraising climbed to a record NT$85 billion, the exchange said.
In the first 11 months of last year, total revenue generated by all listed companies hit a historic high of NT$42.89 trillion, the TWSE said.
Securities transaction tax revenue over the same period totaled NT$261.6 billion, with the full-year figure still being finalized but expected to set another record, it said.
By the end of last year, total market capitalization of listed companies stood at NT$94.36 trillion, placing Taiwan eighth globally by market value, the exchange said.
The rally extended into early this year, with the TAIEX breaking the 30,000-point threshold this week. As of Tuesday, total market capitalization had risen to NT$99.6 trillion, allowing Taiwan to overtake France and rank seventh worldwide, Lin said.
The exchange’s next goal is to surpass Canada, currently ranked sixth by market value, he said, adding that the gap between Taiwan’s stock market and Canada’s is about NT$15 trillion.
TWSE president Edith Lee (李愛玲) said the combined market capitalization of listed and over-the-counter companies has already reached NT$106.72 trillion, or about US$3.41 trillion, consolidating Taiwan’s position as the world’s seventh-largest equity market.
Lee added that if heavyweight stocks — particularly Taiwan Semiconductor Manufacturing Co (台積電) — continue to gain, Taiwan could move up another notch in the global rankings.
Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Monday introduced the company’s latest supercomputer platform, featuring six new chips made by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), saying that it is now “in full production.” “If Vera Rubin is going to be in time for this year, it must be in production by now, and so, today I can tell you that Vera Rubin is in full production,” Huang said during his keynote speech at CES in Las Vegas. The rollout of six concurrent chips for Vera Rubin — the company’s next-generation artificial intelligence (AI) computing platform — marks a strategic
Enhanced tax credits that have helped reduce the cost of health insurance for the vast majority of US Affordable Care Act enrollees expired on Jan.1, cementing higher health costs for millions of Americans at the start of the new year. Democrats forced a 43-day US government shutdown over the issue. Moderate Republicans called for a solution to save their political aspirations this year. US President Donald Trump floated a way out, only to back off after conservative backlash. In the end, no one’s efforts were enough to save the subsidies before their expiration date. A US House of Representatives vote
Shares in Taiwan closed at a new high yesterday, the first trading day of the new year, as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) continued to break records amid an artificial intelligence (AI) boom, dealers said. The TAIEX closed up 386.21 points, or 1.33 percent, at 29,349.81, with turnover totaling NT$648.844 billion (US$20.65 billion). “Judging from a stronger Taiwan dollar against the US dollar, I think foreign institutional investors returned from the holidays and brought funds into the local market,” Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺) said. “Foreign investors just rebuilt their positions with TSMC as their top target,
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
RSS