TAIEX Hits Record High, Rising 2.55%
5 Articles
5 Articles
TAIEX hits record high, rising 2.55%
Taiwanese stocks surged to a record high yesterday, buoyed by a rebound in US technology shares after surprisingly weak US jobs data reduced expectations for another US Federal Reserve rate hike, analysts said. The benchmark TAIEX rose 1,236.3 points, or 2.55 percent, to close at 49,712.04, extendin
Fueled by a rebound in US tech stocks, Taiwan's stock market surged 1,294 points intraday on May 5, reaching a record high of 49,770 points. It closed at 49,712.04 points, up 1,236.3 points, setting a new closing record, with a gain of 2.55%. Trading volume surged to NT$1,150.804 billion.
Taiwan Stock Market Today: TAIEX Surpasses 49,000 For First Time, Hits Record 49,666 As AI Stocks Rally, Check Why TAIEX Is Rising, TSMC, MediaTek, Delta Electronics & Hon Hai Performance
Taiwan’s benchmark TAIEX index crossed the 49,000 mark for the first time on Monday, reaching a fresh record high of 49,666. Technology stocks led the rally, with TSMC, MediaTek and Delta Electronics among the major gainers amid continued optimism over AI investment.
Fueled by a rebound in US tech stocks, Taiwan's stock market opened higher and continued to rise today (May 5th), led by heavyweight stocks. The index surged 1294 points intraday to reach 49770 points, a record high, before closing at 49712.04 points, up 1236.3 points, also a new closing high, a gain of 2.55%. Trading volume reached NT$1.150804 trillion. Among the heavyweight electronics stocks, TSMC hit a new intraday high of NT$2580, closing a…
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