TAIEX Ends 1.6% Higher, Near 4-Week High

2026-08-10 06:48 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, gained 703 points, or 1.6%, to close at 44,929 on Monday, halting losses from the previous two sessions and tracking a rally on Wall Street on Friday after weaker-than-expected jobs data eased concerns over Fed rate hikes at the upcoming meeting.

The broader index hit its highest level since July 16 after consolidating in the previous session amid concerns over massive spending on AI.

The increase was mainly driven by health technology and electronic technology stocks, which climbed 2.1%.

TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, rose 0.4%, while MediaTek advanced 1.5% and Delta Electronics jumped 10.0%.

However, rising oil prices limited the gains, as concerns over inflation raised expectations of interest rate hikes.

Traders also anticipated the release of US inflation data due this week for clues about the Fed's monetary policy decision at its upcoming meeting.



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TAIEX Ends 1.6% Higher, Near 4-Week High
The TAIEX, Taiwan’s benchmark stock index, gained 703 points, or 1.6%, to close at 44,929 on Monday, halting losses from the previous two sessions and tracking a rally on Wall Street on Friday after weaker-than-expected jobs data eased concerns over Fed rate hikes at the upcoming meeting. The broader index hit its highest level since July 16 after consolidating in the previous session amid concerns over massive spending on AI. The increase was mainly driven by health technology and electronic technology stocks, which climbed 2.1%. TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, rose 0.4%, while MediaTek advanced 1.5% and Delta Electronics jumped 10.0%. However, rising oil prices limited the gains, as concerns over inflation raised expectations of interest rate hikes. Traders also anticipated the release of US inflation data due this week for clues about the Fed's monetary policy decision at its upcoming meeting.
2026-08-10
Taiwan Stocks Rise to Near 4-Week High
The TAIEX, Taiwan’s benchmark stock index, advanced 933 points, or 2.1%, to 45,159 in Monday morning trade, erasing losses from the previous two sessions and tracking a rally on Wall Street on Friday after weaker-than-expected jobs data eased concerns over Fed rate hikes at the upcoming meeting. The broader index hit its highest level since July 16 after consolidating in the previous session amid concerns over massive spending on AI. The increase was mainly driven by electronic technology stocks, which rose 2.7%. TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, climbed 1.1%, while MediaTek rose 1.3%, and Delta Electronics surged 10.0%. However, rising oil prices limited the gains, as concerns over inflation raised expectations of interest rate hikes. Traders also anticipated the release of US inflation data due this week for clues about the Fed's monetary policy decision at its upcoming meeting.
2026-08-10
TAIEX Hits 3-Month Low, Ends Below 40,000
The TAIEX, Taiwan's benchmark stock index, fell 106 points, or 0.3%, to close at 39,933 on Thursday, retreating for the fifth consecutive session and marking its lowest level since April 30, mainly weighed down by energy minerals, technology services, and electronic technology stocks. Electronic technology stocks continued to decline amid concerns over returns on AI investment, falling 0.4% after plunging 3.8% in the previous session, mainly weighed down by Hon Hai Precision Industry (-3.2%), Nanya Technology (-7.2%), and Quanta Computer (-9.9%). However, TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, rose 0.2%, rebounding from a 2.2% decline a day earlier after being included among the top 100 companies in this year's Fortune Global 500 for the first time. Meanwhile, moderating oil prices eased inflation concerns and expectations of an interest rate hike, limiting the decline.
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