Taiwan Stocks Mark 2nd Monthly Gain, End at Record High

The TAIEX, Taiwan’s benchmark stock index, climbed 1,097 points, or 2.5%, to close at 44,733 on Friday, erasing losses from the previous session, primarily supported by gains in electronic technology and technology services stocks. The broader index hit a new record high, surpassing the 44,000 level for the second time after closing at 44,257 on Wednesday, amid optimism over AI demand. A rally on Wall Street overnight also lifted sentiment, buoyed by the extended US-Iran ceasefire. Electronic technology stocks rose 2.7%, while technology services stocks surged 5.9%. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, which accounts for more than 40% of the market’s total value, advanced 2.6%, while Delta Electronics and Hon Hai Precision Industry climbed 2.3% and 9.0%, respectively. For the month, the index jumped 5.8%, marking its second straight monthly gain, supported by strong AI demand.

The TAIEX, Taiwan’s benchmark stock index, rose 1,190 points, or 2.7%, to 44,826 on Friday around noon, halting losses from the previous session, primarily supported by gains in electronic technology and technology services stocks. The broader index hit a new record high after surpassing the 44,000 level for the first time and closing at 44,257 on Wednesday, mainly supported by a surge in electronic technology stocks amid optimism over AI demand. A rally on Wall Street overnight also lifted sentiment, buoyed by the extended US-Iran ceasefire. Electronic technology and technology services stocks surged 2.9% and 5.9%, respectively. TSMC, the world’s largest contract chipmaker, which accounts for more than 40% of the market’s total value, jumped 3.1%, while Delta Electronics and Hon Hai Precision Industry soared 4.6% and 8.6%, respectively. For the month, the index is heading for a 5.9% jump, which would mark its second straight monthly gain, supported by strong AI demand.

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.