Taiwan Stocks Near 40,000 Mark on AI Strength
2026-04-27 02:32
By
Chusnul Chotimah
1 min. read
The TAIEX, Taiwan’s benchmark stock index, surged 902 points, or 2.3%, to 39,829 in Monday morning trading, as optimism over the development of AI infrastructure continued to drive the index higher.
The broader index hit a record high for the second straight session after briefly touching the 40,000 level at the start of trading, following the regulator’s plan to ease a long-standing cap that limited fund managers to allocating no more than 10% of assets to a single stock.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which accounts for more than 40% of total market capitalization, remained the main driver of the index and surged 6.2%.
Traders largely shrugged off failed U.S.-Iran ceasefire talks and continued to maintain momentum.
Electronic technology and technology services stocks led the gains, with SynPower soaring 10%, Nanya Technology Corp jumping 9.2%, and Macronix International surging 8.7%.