TAIEX Retreats From Near Record High as Tech Weighs

2026-05-13 03:05 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, fell 686 points, or 1.6%, to 41,212 in Wednesday morning trade, snapping two straight sessions of gains, as traders took profits after the index closed near a record high a day earlier, with electronic technology and technology services stocks leading the declines.

The electronic technology sector fell 2.4%, with TSMC, which accounts for more than 40% of the total market value, down 2.0%.

Other major laggards included MediaTek (-6.2%), Delta Electronics (-1.8%), and Hon Hai Precision Industry (-1.4%).

Meanwhile, technology services plunged 3%, with Wiwynn Corporation slumping 2.3%.

The broader index tracked a weaker session on Wall Street overnight after inflation rose more than expected, with higher oil prices fueling expectations that the Fed will not cut rates this year.

However, traders also monitored plans for a meeting between US President Trump and Chinese President Xi Jinping later this week.



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TAIEX Retreats From Near Record High as Tech Weighs
The TAIEX, Taiwan’s benchmark stock index, fell 686 points, or 1.6%, to 41,212 in Wednesday morning trade, snapping two straight sessions of gains, as traders took profits after the index closed near a record high a day earlier, with electronic technology and technology services stocks leading the declines. The electronic technology sector fell 2.4%, with TSMC, which accounts for more than 40% of the total market value, down 2.0%. Other major laggards included MediaTek (-6.2%), Delta Electronics (-1.8%), and Hon Hai Precision Industry (-1.4%). Meanwhile, technology services plunged 3%, with Wiwynn Corporation slumping 2.3%. The broader index tracked a weaker session on Wall Street overnight after inflation rose more than expected, with higher oil prices fueling expectations that the Fed will not cut rates this year. However, traders also monitored plans for a meeting between US President Trump and Chinese President Xi Jinping later this week.
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Taiwan Stocks Hit Record High on Tech Strength
The TAIEX, Taiwan’s benchmark stock index, rose 238 points, or 0.6%, to 42,028 in early Tuesday trading, extending gains for a second straight session and hitting a record high, supported by tech stocks. The broader index tracked a Wall Street rally on Monday, buoyed by strength in chip-related stocks. However, renewed escalation of tensions in the Middle East capped gains, while traders await the US April inflation data later today. Technology services surged 5.2% as optimism over AI infrastructure demand continued to lift sentiment. Among the top performers were Wiwynn Corporation (9.6%) and International Games (2.3%). Meanwhile, the electronic technology sector rose 0.88%, with TSMC, which accounts for more than 40% of the total market value, up 0.5%. Traders also monitored plans for a meeting between US President Trump and Chinese President Xi Jinping later this week.
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Taiwan Stocks Near Record High on Tech Boost
The TAIEX, Taiwan’s benchmark stock index, climbed 293 points, or 0.8%, to 41,897 in early Monday trading, erasing losses from the previous session and edging closer to a record high of 41,934 reached last Thursday, mainly supported by strength in chip-related stocks. The broader index tracked gains on Wall Street on Friday, buoyed by stronger-than-expected US jobs data. However, renewed escalation of tensions in the Middle East capped gains, while traders awaited the US April inflation data on Tuesday. The advance was led by the electronics sector, which rose 1.1%, with MediaTek surging 7.3%. Other notable gainers included Accton Technology Corp. (9.9%), ASE Technology Holding (3.1%), Delta Electronics (2.5%), and Hon Hai Precision Industry (0.8%). By contrast, TSMC, which accounts for more than 40% of the total market value, fell 1.5%.
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