The TAIEX, the Taiwan Stock Exchange’s benchmark index, climbed 776 points, or 2.1%, to a new record high of 37,694 in Tuesday morning trade, extending gains from the previous session on the back of strong demand for technology shares.
Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which represents more than 40% of the market’s total capitalization, advanced 2.0% as traders bought the dip following Monday’s losses. The company recently reported a 58% year-on-year increase in net profit for Q1 2026, beating market expectations, supported largely by robust demand for AI-related chips.
The broader market also took its cue from US futures, buoyed by optimism over a potential second round of negotiations between the United States and Iran. Still, investors remained cautious ahead of a busy data calendar later this week, which includes releases on industrial production, retail sales, and the unemployment rate.
Among the notable early gainers were MediaTek, Taiwan-Asia Semiconductor, and Phoenix Silicon International Corp., each jumping by around 10%.
