TAIEX Pulls Back from Record Peak, Ends 1.4% Lower

2026-05-28 07:20 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, dropped 620 points, or 1.4%, to close at 43,636 on Thursday, pulling back from a record high reached in the morning session, erasing gains from the previous day, mainly weighed down by electronic technology and technology services stocks amid profit-taking.

The broader index retreated from the record high touched a day earlier, when it closed at 44,257 after surpassing the 44,000 level for the first time, mainly supported by a surge in electronic technology stocks amid optimism over AI demand.

Electronic technology and technology services stocks fell 1.5% and 1.9%, respectively.

Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the market’s total value, dropped 0.2%, while MediaTek and Delta Electronics plunged 5.0% and 5.2%, respectively, and Hon Hai Precision Industry declined 0.4%.

However, renewed escalation in the Middle East conflict further pressured sentiment following US strikes on Iranian targets.



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TAIEX Pulls Back from Record Peak, Ends 1.4% Lower
The TAIEX, Taiwan’s benchmark stock index, dropped 620 points, or 1.4%, to close at 43,636 on Thursday, pulling back from a record high reached in the morning session, erasing gains from the previous day, mainly weighed down by electronic technology and technology services stocks amid profit-taking. The broader index retreated from the record high touched a day earlier, when it closed at 44,257 after surpassing the 44,000 level for the first time, mainly supported by a surge in electronic technology stocks amid optimism over AI demand. Electronic technology and technology services stocks fell 1.5% and 1.9%, respectively. Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the market’s total value, dropped 0.2%, while MediaTek and Delta Electronics plunged 5.0% and 5.2%, respectively, and Hon Hai Precision Industry declined 0.4%. However, renewed escalation in the Middle East conflict further pressured sentiment following US strikes on Iranian targets.
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The TAIEX, Taiwan’s benchmark stock index, rose 225 points, or 0.5%, to 44,482 in Thursday morning trading, extending gains from the previous session and mainly buoyed by electronic technology stocks. The broader index hit a new record high and surpassed the 44,000 level for a second straight day amid optimism over AI demand. Traders attempted to maintain the upward momentum, supported by the electronic technology sector, which rose 0.9%. Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the market’s total value, advanced 2.0%, while Hon Hai Precision Industry gained 2.1%. The broader index first touched the 44,000 level on Wednesday and closed at 44,257, mainly supported by a surge in electronic technology stocks. The index also tracked a rally in the S&P and Dow Jones on Wall Street overnight amid hopes of a US-Iran peace deal.
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