TSEC Taiwan Technology Index

Taiwan's stock market is one of the top 15 stock markets in the world. Unsurprisingly technology companies make up one of the largest industry sectors. The TSEC Taiwan Technology Index tracks the performance of these companies and is based on the performance of technology companies listed on the TSEC Taiwan 50 and TSEC Taiwan Mid-Cap 100 indices.

FTSE says the TSEC Taiwan Technology Index represents the following:

"All the information technology stocks from the TSEC Taiwan 50 and TSEC Taiwan Mid-Cap 100 indices. The Taiwanese information technology sector is the largest industry sector and represents nearly 30% of the market."

Where FTSE says the TSEC Taiwan 50 represents the "50 of the most highly capitalised blue chip stocks and represents nearly 70% of the Taiwanese market" and the TSEC Taiwan Mid-Cap 100 represents the "next 100 constituents ranked by market capitalisation after the TSEC Taiwan 50 Index." According to FTSE the TSEC Taiwan Mid-Cap 100 "predominantly measures growth sectors and represents nearly 20% of the market."

A casual glance at the TSEC Taiwan Technology Index seems to show there is some correlation between the Technology Index and the TSEC Taiwan 50. (Source: FTSE Charts)

Comparison Between Taiwan 50 (dark blue) and Tech Index (light blue)

In all there are 58 companies listed on the TSEC Taiwan Technology Index. Unsurprisingly most of the companies mentioned yesterday (with the exception of Powerchip) are represented. All 58 companies are listed below in decreasing order with the first company having the highest market capitalization (after after an investibilty weighting) and the last company the smallest market capitalization. (Based on results up till March 6, 2008).

For a more detailed list please refer to the FTSE List here.

1. Taiwan Semiconductor Manufacturing
2. Hon Hai Precision Industry
3. AU Optronics
4. High Tech Computer
5. Asustek Computer Inc
6. MediaTek
7. InnoLux Display
8. Chi Mei Optoelectronics
9. United Microelectronics
10. Foxconn Technology
11. Siliconware Precision Industries
12. Acer
13. Advanced Semiconductor Engineering
14. Compal Electronics
15. Lite-On Technology
16. Synnex Technology International
17. Tatung
18. Quanta Computer
19. HannStar Display
20. Chunghwa Picture Tubes
21. Nanya Technology
22. Wistron Corp
23. Inventec Co.
24. Novatek Microelectronics
25. Realtek Semiconductor
26. Powertech Technology
27. Macronix International
28. Richtek Technology
29. Cmc Magnetics Corporation
30. Qisda
31. Mitac International
32. Clevo
33. Inotera Memories
34. WPG Holdings
35. D-Link
36. Mosel Vitelic Inc
37. Advantech
38. Chicony Electronics
39. Winbond Electronics
40. Ritek Corporation
41. King Yuan Electronics Co Ltd
42. Via Technologies
43. Micro-Star International
44. Greatek Electronics
45. Zinwell
46. Kinsus Interconnect Technology
47. Elan Microelectronics
48. Faraday Technology
49. Transcend Information
50. Cybertan Technology
51. Compal Communications
52. Sunplus Technology
53. Global Unichip
54. Zyxel Communications
55. Ali
56. Elitegroup Computer Systems
57. Formosa Advanced Technologies Co. Ltd.
58. Lite-On IT

For more information, please refer to the FTSE TSEC Taiwan Index Series and the Taipei Stock Exchange.