Taiwan Stocks Hit 6-Week Peak, Post Weekly Gain
2026-04-10 04:04
By
Chusnul Chotimah
1 min. read
The TAIEX, the Taiwan Stock Exchange's benchmark index, climbed 448 points, or 1.3%, to 35,309 around noon, gaining for the fourth straight session and marking its highest level since February 26.
The broader index followed a rally on Wall Street overnight as markets entered a consolidation phase after Wednesday’s relief rally.
Sentiment was also lifted by renewed Middle East de-escalation after reports that Israel signaled openness to negotiations with Lebanon.
The latest data from China also fueled sentiment, as PPI in the mainland rose for the first time in three years, even as CPI increased less than expected.
Almost all sectors traded in the green, including electronic technology, manufacturing, and technology services.
Among the top performers were Win Win Precision Tech, Tyntek, Chiefteck, and Sixxon Tech, which surged by 10% each.
Meanwhile, chipmaker TSMC, which accounts for more than 40% of total market value, rose 1.5%.
For the week, the index is heading for a 1.3% gain.