Taiwan Equities Hit New Record High on Tech Stocks

2026-04-21 04:04 By Chusnul Chotimah 1 min. read

The TAIEX, the Taiwan Stock Exchange’s benchmark index, rose 776 points, or 2.1%, to a fresh record high of 37,694 in Tuesday morning trade, extending gains from the previous session, mainly driven by technology stocks.

Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market value, soared 2.0%, as traders bought the dip after its shares posted losses on Monday.

The firm reported a 58% jump in net profit in Q1 2026, beating market forecasts and driven by AI demand.

The broader index tracked US futures amid hopes of a second round of US–Iran negotiations.

However, investors awaited the release of a slew of economic data later this week, including industrial output, retail sales, and the unemployment rate.

Other early gainers included MediaTek, Taiwan-Asia Semiconductor, and Phoenix Silicon International Corp., which surged around 10% each.



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