#taiwantaiexretakes46500onchiprally TAIEX hits record on AI, chip demand
Taiwanese equities extended their record-setting streak yesterday, driven by gains in the semiconductor and technology-related sectors, while broader optimism across Asia provided additional momentum.
The TAIEX rose 0.22 percent, or 52.8 points, to close at a record 24,547.38, supported by strong demand for artificial intelligence (AI) supply-chain stocks and semiconductor suppliers.
Markets in Japan, South Korea, Hong Kong and China also ended higher, reinforcing confidence in Taiwan’s export-driven economy, even as Wall Street slipped on weaker-than-expected US employment data.$TRUMP $MAGMA $HEI
Taiwanese equities extended their record-setting streak yesterday, driven by gains in the semiconductor and technology-related sectors, while broader optimism across Asia provided additional momentum.
The TAIEX rose 0.22 percent, or 52.8 points, to close at a record 24,547.38, supported by strong demand for artificial intelligence (AI) supply-chain stocks and semiconductor suppliers.
Markets in Japan, South Korea, Hong Kong and China also ended higher, reinforcing confidence in Taiwan’s export-driven economy, even as Wall Street slipped on weaker-than-expected US employment data.$TRUMP $MAGMA $HEI
