Taiwan Stocks Pull Back from Record High

2026-04-23 03:56 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, dropped 577 points, or 1.6%, to 37,298 in Thursday morning trade, as traders took profits after the index reached a second straight session of record highs, supported by optimism over the development of AI infrastructure.

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

A rally on Wall Street overnight also prevented the index from falling further, after US President Trump extended a ceasefire with Iran.

Transportation stocks mainly dragged the index, with notable losses from Evergreen Marine (-1.0%), Wan Hai Lines (-0.8%), and EVA Airways Corp (-3.7%).

Other stocks also fell, including Lotes and Swancor Advanced Materials, which dropped by 10% each.

However, contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market capitalization, rose 0.7%.



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Taiwan Stocks Pull Back from Record High
The TAIEX, Taiwan’s benchmark stock index, dropped 577 points, or 1.6%, to 37,298 in Thursday morning trade, as traders took profits after the index reached a second straight session of record highs, supported by optimism over the development of AI infrastructure. However, investors await the release of a slew of economic data later today, including industrial output, retail sales, and the unemployment rate. A rally on Wall Street overnight also prevented the index from falling further, after US President Trump extended a ceasefire with Iran. Transportation stocks mainly dragged the index, with notable losses from Evergreen Marine (-1.0%), Wan Hai Lines (-0.8%), and EVA Airways Corp (-3.7%). Other stocks also fell, including Lotes and Swancor Advanced Materials, which dropped by 10% each. However, contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market capitalization, rose 0.7%.
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The TAIEX, Taiwan’s benchmark stock index, climbed 413 points, or 1.1%, to a new record high of 37,978 in Wednesday early trade, extending gains from the two previous sessions, driven mainly by technology stocks as investors maintained upward momentum. Optimism over the development of AI infrastructure continued to lift sentiment. The broader index tracked US futures following a statement from US President Donald Trump, who announced he was extending a ceasefire with Iran, amid uncertainty over the outcome of US–Iran peace talks. Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market capitalisation, rose 0.7%. The company reported a 58% jump in net profit in Q1 2026, beating market forecasts and driven by AI demand. Other top performers included Innolux Optoelectronics, Scientech, and AP Memory Technology, which surged around 10% each.
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Taiwan Equities Hit New Record High on Tech Stocks
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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