Taiwan's stock market closed modestly higher on the back of Nvidia's earnings, with funds shifting noticeably into the memory and passive component groups — good news for holders of those stocks.

• Nanya Technology saw combined net buying of more than 30,000 lots from foreign investors and domestic institutional investors, hitting an all-time high during the session and closing up sharply by NT$24.
• Winbond likewise drew net buying of more than 30,000 lots from foreign investors, while Macronix and Phison also advanced, with the memory group strengthening across the board.
• At the same time, funds flowed out of UMC and Compal. UMC plunged more than 4% on heavy volume, breaking below all of its short-term moving averages.
• MLCC inventories continued to hit new lows while prices rose, and the passive component group warmed up in tandem, with Holy Stone Enterprise and Chilisin Electronics both limit-up.
• Largan Precision hit the limit up for a second straight day to set a new high, gaining more than 30% in three days and becoming the third-highest-priced stock on the Taiwan market.

Outlook: The rotation of funds into memory and the AI supply chain is likely to continue, but gains are concentrated in a handful of individual stocks, and the index still lacks strong upward momentum.