Reported 8 months ago
TSMC reaching a new high of 984 NT dollars led to a surge in AI concept stocks like MediaTek, Quanta, and Wiwynn, with Foxconn closing at 203 NT dollars. The Taiwan stock market surged by 517 points, reaching a new high of 23275.3 points, and closing at 23209.54 points, setting a new record. This surge was driven by TSMC, as it continued its momentum with a 4.03% increase, exceeding 980 NT dollars both intraday and at closing. Analysts foresee the AI trend further boosting Taiwan's stock market size, highlighting TSMC's dominant position in the market. Despite short-term profit-taking, the semiconductor industry is expected to remain strong until 2026, ensuring sustained market demand.
Source: YAHOO