FX.co ★ Taiwan Shares Scale Fresh High

The benchmark TAIEX climbed to around 35,450 on Tuesday, extending its rally to a new record high as investors rotated back into AI-related shares. Sentiment was additionally supported by fresh policy incentives from Beijing following a landmark meeting between President Xi Jinping and Taiwan opposition leader Cheng Li-wun, which markets interpreted as a possible sign of easing cross-strait tensions. Broader risk appetite also improved amid indications that the US and Iran may be willing to resume peace negotiations. Gains were led by heavyweight TSMC (+1.5%), along with Delta Electronics (+2.3%), Hon Hai Precision Industry (+3.5%), MediaTek (+3.1%), and ASE Technology (+3.5%). Year to date, the benchmark is up roughly 25%, fully reversing the losses incurred since late February when the Iran conflict began, and substantially outperforming the MSCI Asia Pacific Index, which has risen just over 9%.