Taiwan Stocks Retreat from Record High on Profit Taking

2026-05-08 02:24 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, fell 136 points, or 0.3%, to 41,794 in Friday morning trading, erasing gains from the previous four sessions as traders took profits after the index hit a record high for the fourth straight day.

The broader index retreated from its record peak reached a day earlier at 41,998 after briefly breaking the 42,000 level intraday, mainly supported by strength in the chip sector.

The decline was mainly driven by the electronic technology sector, which fell 0.9% after surging on Thursday.

TSMC, which accounts for more than 40% of the total market value, fell 0.4%.

The index tracked a downbeat session on Wall Street overnight as traders awaited Iran’s response to the latest US peace proposal.

A renewed escalation of tensions in the Middle East also further pressured sentiment.

Other major laggards included Delta Electronics (-2.2%), Hon Hai Precision Industry (-1.0%), ASE Technology Holding (-3.0%), and Accton Technology Corp.

(-8.0%).



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Taiwan Stocks Retreat from Record High on Profit Taking
The TAIEX, Taiwan’s benchmark stock index, fell 136 points, or 0.3%, to 41,794 in Friday morning trading, erasing gains from the previous four sessions as traders took profits after the index hit a record high for the fourth straight day. The broader index retreated from its record peak reached a day earlier at 41,998 after briefly breaking the 42,000 level intraday, mainly supported by strength in the chip sector. The decline was mainly driven by the electronic technology sector, which fell 0.9% after surging on Thursday. TSMC, which accounts for more than 40% of the total market value, fell 0.4%. The index tracked a downbeat session on Wall Street overnight as traders awaited Iran’s response to the latest US peace proposal. A renewed escalation of tensions in the Middle East also further pressured sentiment. Other major laggards included Delta Electronics (-2.2%), Hon Hai Precision Industry (-1.0%), ASE Technology Holding (-3.0%), and Accton Technology Corp. (-8.0%).
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The TAIEX, Taiwan’s benchmark stock index, surged 880 points, or 2.1%, to 42,019 in Thursday morning trade, gaining for a fourth straight session as optimism over AI infrastructure demand continued to lift sentiment. The broader index hit a record high for the fourth consecutive session and surpassed the 42,000 mark for the first time, after closing above the 41,000-point mark for the first time at 41,139 on Wednesday. The index tracked a rally on Wall Street overnight amid hopes of US-Iran peace talks, along with solid earnings in AI stocks. Electronic technology continued to be the main driver of the index, which rose 2.6%, with notable gains from Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of total market value, and surged 3.1%. Other top movers included Delta Electronics (6.3%), Unimicron Technology Corp. (4.8%), and ASE Technology Holding (4.4%).
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The TAIEX, Taiwan’s benchmark stock index, rose 170 points, or 0.4%, to 40,939 on Wednesday morning trade, gaining for a third straight session as optimism over AI infrastructure demand continued to lift sentiment. The broader index hit a record high for the third consecutive session, tracking a rally on Wall Street overnight, where the S&P 500 and Nasdaq also reached record highs, supported by solid earnings reports and lower oil prices. The index surpassed the 40,000 level for the third straight day, mainly supported by gains in financials, electronics, and technology services. Among the top movers were MediaTek (4.4%), Hon Hai Precision Industry (3.8%), Fubon Financial Holdings (1.5%), and Delta Electronics (0.9%). Meanwhile, Contract chipmaker Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the total market value, rose 0.2%.
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