Taiwan Stocks End Above 48,000 as Tech Stocks Rally

The TAIEX, Taiwan’s benchmark stock index, rose 357 points, or 0.8%, to close at 48,157 on Wednesday, gaining for the sixth straight session and hitting a record high, mainly buoyed by gains in electronic technology amid optimism over AI infrastructure investment. The index surpassed the 48,000 mark for the first time at close. Electronic technology climbed 1.2%, with TSMC, the world's largest contract chipmaker and accounting for more than 40% of the market's total value, advancing 1.6% after falling on Tuesday. Meanwhile, Nanya Technology and Unimicron Technology each jumped 3.6%.The broader index rose after the tech-heavy Nasdaq Composite on Wall Street hit a record high, buoyed by solid gains in AI-related companies. Further easing in oil prices and US Treasury yields also fueled sentiment. Optimism over the Trump-Xi summit this week also lifted sentiment, as AI and tariffs are expected to be discussed at the meeting.

The TAIEX, Taiwan’s benchmark stock index, rose 355 points, or 0.7%, to 48,255 in Wednesday morning trading, gaining for the sixth straight session and hitting a record high, mainly buoyed by gains in electronic technology amid optimism over AI infrastructure investment. The index surpassed the 48,000 mark for the third time intraday. Electronic technology advanced 1.2%, with TSMC, the world's largest contract chipmaker and accounting for more than 40% of the market's total value, climbing 1.2% after falling on Tuesday. Meanwhile, Nanya Technology and Asia Vital Component surged by 5.0% and 4.1%, respectively. The broader index rose after the tech-heavy Nasdaq Composite on Wall Street hit a record high, buoyed by solid gains in AI-related companies. Further easing in oil prices and US Treasury yields also fueled sentiment. Optimism over the Trump-Xi summit this week also fueled sentiment, as AI and tariffs are expected to be discussed at the meeting.

The TAIEX, Taiwan’s benchmark stock index, advanced 81 points, or 0.2%, to close at 47,800 on Tuesday, gaining for the fifth straight session and hitting a record high, mainly buoyed by gains in electronic technology. The index surpassed the 48,000 mark intraday before pulling back to 47,800 at the close. The broader index tracked a rally on Wall Street overnight, buoyed by solid AI-related stocks, while oil prices and US Treasury yields eased. Optimism over the Trump-Xi summit this week also lifted sentiment, as AI and tariffs are expected to be discussed at the meeting. Electronic technology rose 0.4%, mainly supported by surges in MediaTek (3.4%), ASE Tech (4.5%), and Unimicron Tech (9.8%). By contrast, TSMC, the world's largest contract chipmaker and accounting for more than 40% of the market's total value, fell 0.8%. In the morning session, TSMC rose, fueled by reports that it was in talks to acquire AUO's 5th- and 7.5th-generation fabs in Central Taiwan Science Park.