Taiwan Stocks Near Record High as Tech Shares Rally

The TAIEX, Taiwan’s benchmark stock index, climbed 552 points, or 1.4%, to near a record peak of 41,953 in Thursday morning trade, halting losses from the previous session and buoyed mainly by electronic technology stocks as optimism over AI infrastructure demand fueled sentiment. The broader index tracked record highs in the S&P 500 and the Nasdaq Composite overnight, supported by continued strength in technology shares. The electronic technology sector rose 1.1%, with Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the total market value, up 1.8%. Markets are also keeping a close eye on a meeting between US President Donald Trump and Chinese President Xi Jinping later this week. Other early gainers included Delta Electronics (3.0%), ASE Technology Holding (1.8%), and MediaTek (0.4%).

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.

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.