The TAIEX, Taiwan’s benchmark stock index, rose 150 points, or 0.3%, to 45,488 by midday Tuesday, extending gains for a second consecutive session. The advance was led primarily by finance, communication, consumer durables, and electronic technology shares.
The broader market once again set a fresh record high, holding above the 45,000 mark for a second straight session, as sustained optimism over AI-related demand continued to bolster risk appetite. Sentiment was further supported by Friday’s rally on Wall Street, where hopes for progress in US-Iran peace talks aimed at ending the war, combined with a renewed surge in AI-linked stocks, underpinned gains.
Electronic technology stocks edged up 0.1%. TSMC, the world’s largest contract chipmaker and a heavyweight comprising more than 40% of the market’s total capitalization, advanced 1.5% after finishing flat on Monday. Hon Hai Precision Industry also climbed, gaining 2.0%.
Financials outperformed, rising 1.3%. Within the sector, Fubon Financial Holding added 0.9%, while CTBC Financial Holding increased 1.0%.
