Taiwan Equities Hit Fresh Peak
2026-04-20 02:52
By
Chusnul Chotimah
1 min. read
The TAIEX, Taiwan Stock Exchange’s benchmark index, climbed 446 points, or 1.2%, to a new record high of 37,251 in Monday morning trade, rebounding from the previous session, mainly supported by communications, technology services, and industrial services.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market value, rose 1.2% after reporting a 58% surge in net profit in Q1 2026, beating market forecasts, driven by AI demand.
Traders largely ignored escalating tensions in the Middle East after Iran reasserted control over the Strait of Hormuz, arguing that the U.S.
blockade on Iran-linked vessels violated the ceasefire agreement.
Sentiment was also lifted after China’s central bank decided to hold its key lending rate at 3%, while China’s economic growth beat market forecasts.
Other early gainers included VisEra Technologies, Qualipoy Chemical Corp, Lintes Technology, and Mirle Automation, which rose around 10% each.