TAIPEI (TVBS News) — Taiwan Stock Exchange closed down 44.52 points at 27,949.11 Tuesday (Oct. 28), declining 0.16% amid volatile trading. Trading volume reached NT$533.027 billion (around US$17.4 billion) as investors navigated mixed sector performances. The market faced pressure at the 28,000-point threshold despite strong gains in memory stocks.
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) shares fell NT$5 (around US$0.16) to close at NT$1,475 (around US$48.16), declining 0.34%. Hon Hai Precision Industry (鴻海, Foxconn) gained over 1% to end at NT$250 (around US$8.16). Delta Electronics (台達電) hit a historic intraday high of NT$1,080 (around US$35.26) before closing up NT$5 at NT$1,075.
Memory sector stocks surged with Macronix International (旺宏) hitting daily limit up and Nanya Technology (南亞科) rising 8.33%. Mega International Investment Services (兆豐投顧) Vice President Huang Kuo-wei (黃國偉) noted pressure at the 28,000-point threshold. Huang said the upward trend remains unchanged but the market lacks willingness to chase prices.
The U.S. Federal Reserve plans a monetary policy meeting this week, with markets anticipating another rate cut affecting Taiwan stocks. U.S. President Donald Trump will meet Chinese President Xi Jinping (習近平) Wednesday (Oct. 30) in South Korea. The leaders will discuss trade issues that could further impact Taiwan market sentiment. ◼ (At time of reporting, US$1 equals approximately NT$30.631)