Taiwan Stocks Pull Back from Record High

2026-09-24 03:12 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, dropped 208 points, or 0.4%, to 47,949 in Thursday morning trade, snapping a six-session winning streak, as traders took profit after the index hit a record high a day earlier.

The index declined from its first close above 48,000 at 48,157 on Wednesday, mainly weighed down by declines in electronic technology, finance, and health technology.

Electronic Technology fell 0.4% after rising 1.2% in the previous session, with TSMC, the world's largest contract chipmaker and accounting for more than 40% of the market's total value, falling 0.6% after rising on Wednesday.

Meanwhile, Hon Hai Precision, ASE Tech, and United Microelectronics dropped by 2.2%, 0.4%, and 4.1%, respectively.

The broader index tracked a decline on Wall Street overnight amid rising oil prices and US Treasury yields.

Traders also anticipated the Trump-Xi summit, with AI and tariffs expected to be discussed at the meeting.



News Stream
Taiwan Stocks End 0.3% Lower, Remain Above 48,000
The TAIEX, Taiwan’s benchmark stock index, fell 133 points, or 0.3%, to close at 48,025 on Thursday, paring earlier losses and snapping a six-session winning streak, as traders took profits after the index hit a record high a day earlier. The broader index tracked a decline on Wall Street overnight amid rising oil prices and US Treasury yields, due to uncertainty over US-Iran talks. Traders also anticipated the Trump-Xi summit, with AI and tariffs expected to be discussed at the meeting. The decline was mainly weighed down by electronic technology, finance, and health technology. Electronic Technology fell 0.4% after rising 1.2% in the previous session, with TSMC, the world's largest contract chipmaker and accounting for more than 40% of the market's total value, falling 1.0%, reversing a 1.6% gain on Wednesday. Meanwhile, Hon Hai Precision, United Microelectronics, and Nanya Tech shed 2.2%, 3.8%, and 2.3%, respectively.
2026-09-24
Taiwan Stocks Pull Back from Record High
The TAIEX, Taiwan’s benchmark stock index, dropped 208 points, or 0.4%, to 47,949 in Thursday morning trade, snapping a six-session winning streak, as traders took profit after the index hit a record high a day earlier. The index declined from its first close above 48,000 at 48,157 on Wednesday, mainly weighed down by declines in electronic technology, finance, and health technology. Electronic Technology fell 0.4% after rising 1.2% in the previous session, with TSMC, the world's largest contract chipmaker and accounting for more than 40% of the market's total value, falling 0.6% after rising on Wednesday. Meanwhile, Hon Hai Precision, ASE Tech, and United Microelectronics dropped by 2.2%, 0.4%, and 4.1%, respectively. The broader index tracked a decline on Wall Street overnight amid rising oil prices and US Treasury yields. Traders also anticipated the Trump-Xi summit, with AI and tariffs expected to be discussed at the meeting.
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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.
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