Taiwan Stock Market Reaches New Highs with TSMC and Foxconn Leading the Way

Reported 7 months ago

Taiwan stock market surged by 256.84 points to close at 22,048.96 points, breaking the 22,000-point mark for the first time, driven by the steady rise of heavyweight tech giants TSMC and Foxconn. Both companies reached historical highs during the trading day. The market rally was also supported by positive performances in other electronic and semiconductor stocks. In contrast, shipping stocks experienced declines. Overall, the market outlook was optimistic with the S&P and Nasdaq setting new closing records in the US market.

Source: YAHOO

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