Taiwan Stocks Closed Friday Due to Typhoon Bavi

Taiwan's financial markets will remain closed on Friday after the Taipei City Government ordered offices and schools to close in anticipation of Typhoon Bavi. The Taiwan Stock Exchange also confirmed that all trading will be suspended, with settlements originally scheduled for Friday postponed to the next business day. The closure is expected to temporarily halt trading activity and delay settlement across the island's capital markets. Ahead of the shutdown, Taiwan's benchmark stock index fell 0.8% to close at 45,352 on Thursday, extending its weekly loss to 3.0% amid cautious sentiment. The decline reflected broader risk aversion, with investors also weighing external uncertainties, including global trade developments and expectations for major central bank policy, before markets pause for the storm.

The TAIEX, Taiwan’s benchmark stock index, fell 641 points, or 1.3%, to close at 47,101 on Tuesday, snapping a six-session winning streak, as traders took profits after the index hit a record high a day earlier. The broader market retreated from a fresh high of 47,571 reached on Monday, surpassing the 47,000 level for the first time, mainly weighed down by electronic technology stocks, which tracked a tech selloff on Wall Street overnight. Electronic technology stocks shed 1.6%, reversing a 3.1% surge in the previous session, with TSMC, the world's largest contract chipmaker and a company accounting for more than 40% of the market's total value, falling 0.8% after a 3.1% jump on Monday. TSMC surged following reports that it is accelerating its CoWoS rollout, a technology that replaces traditional round wafers. Meanwhile, Delta Electronics dropped 3.3%, while Hon Hai Precision Industry declined 3.4%, after rising 0.9% and 2.2%, respectively, a day earlier.

The TAIEX, Taiwan’s benchmark stock index, dropped 170 points, or 0.4%, to 47,571 in Tuesday morning trading, snapping a six-session winning streak, as traders took profits after the index hit a record high a day earlier. The broader market retreated from a fresh high of 47,571 reached on Monday, surpassing the 47,000 level for the first time, mainly weighed down by electronic technology, manufacturing, and technology services stocks. Electronic technology stocks fell 1.1%, reversing a 3.1% surge in the previous session, with Delta Electronics falling 2.3%, while Hon Hai Precision Industry declined 2.1%, after rising 0.9% and 2.2%, respectively, a day earlier. Meanwhile, TSMC, the world's largest contract chipmaker and a company accounting for more than 40% of the market's total value, edged up 0.2%, easing sharply from a 3.1% surge in the previous session. Meanwhile, producer manufacturing stocks plunged 3.3%, mainly weighed down by Elite Material (-3.9%) and King Slide Works (-2.9%).