TAIEX Hits Record High, Breaks 46,000 Mark

The TAIEX, Taiwan’s benchmark stock index, advanced 902 points, or 2.0%, to close at 46,459 on Wednesday, gaining for the fourth straight session and tracking gains on Wall Street overnight as optimism surrounding AI investment persisted. The broader index hit a fresh record high, closing above the 46,000 mark for the first time, with nearly all sectors ending in positive territory, including electronic technology, financials, and commercial services. Positive data from China also boosted sentiment, as fresh data showed business activity in the mainland's private sector grew at the fastest pace in three months in May. Electronic technology stocks rose 1.8%, as optimism over AI demand continued to lift sentiment. TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, gained 1.7%, following a 1.1% rise in the previous session. Meanwhile, Delta Electronics rose 3.2%, Hon Hai Precision climbed 2.8%, and ASE Technology surged 4.9%.

The TAIEX, Taiwan’s benchmark stock index, rose 863 points, or 1.9%, to 46,421 on Wednesday around noon, advancing for the fourth straight session and tracking gains on Wall Street overnight as optimism surrounding AI investment persisted. Electronic technology, financials, producer manufacturing, technology services, and energy minerals stocks were the main drivers, pushing the index above the 46,000 level for the first time. Positive data from China also boosted sentiment, as fresh data showed business activity in the mainland's private sector grew at the fastest pace in three months in May. Electronic technology stocks rose 1.8%, as optimism over AI demand continued to lift sentiment. TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, gained 2.1%, following a 1.1% rise in the previous session. Meanwhile, Delta Electronics climbed 3.4%, Hon Hai Precision Industry advanced 3.3%, and ASE Technology surged 5.4%.

The TAIEX, Taiwan’s benchmark stock index, advanced 219 points, or 0.5%, to close at 45,557 on Tuesday, rising for the third straight session, mainly buoyed by finance, communication, consumer durables, electronic technology, and technology services stocks. The broader index hit a fresh record high, surpassing the 45,000 level for the second consecutive session, as optimism over AI demand continued to lift sentiment. A rally on Wall Street on Friday also supported sentiment amid a resurgence in AI-related stocks. Electronic technology stocks gained 0.4%, with TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, rising 1.1% after being flat on Monday. Meanwhile, Hon Hai Precision Industry gained 2.7%. Financial stocks rose 2.2%, with Fubon Financial Holding climbing 2.7%, while Cathay Financial Holding and CTBC Financial Holding advanced 1.1% and 3.2%, respectively.