The TAIEX, Taiwan’s benchmark stock index, advanced 552 points, or 1.4%, in Thursday morning trading to approach a record high of 41,953. The rally snapped the previous session’s losses and was driven largely by gains in electronic technology stocks, as optimism about demand for AI-related infrastructure lifted market sentiment.
The broader market also took its cue from Wall Street, mirroring record closes in both the S&P 500 and the Nasdaq Composite, where technology shares continued to show strong momentum. Taiwan’s electronic technology subindex gained 1.1%, led by Taiwan Semiconductor Manufacturing Company (TSMC) — which represents more than 40% of the total market capitalization — rising 1.8%.
Investors are also closely watching an upcoming meeting later this week between US President Donald Trump and Chinese President Xi Jinping for potential signals on trade and geopolitical relations. Among other early movers, Delta Electronics climbed 3.0%, ASE Technology Holding added 1.8%, and MediaTek edged up 0.4%.
