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TAIEX Hits New High, Driven by TSMC and AI Craze
TSMC’s record close helped lift semiconductor, AI hardware and PCB shares as the benchmark rose 2.75 percent on heavy turnover.
Summary by Taipei Times
3 Articles
3 Articles
Taiex ends at new high as TSMC smashes closing records on AI
Taipei, June 22 (CNA) Shares in Taiwan closed at a new high, soaring over 1,200 points Monday, as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) smashed previous closing levels amid optimism over global AI development, dealers said.
·Taiwan
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Taiwan's stock market broke through the 47,000-point mark at the opening on the 22nd. With the semiconductor, memory, and printed circuit board sectors all rising, the index surged by more than 1,400 points at one point during the day, and finally closed at 47,741.51 points, up 1,276.31 points. This was the eighth largest single-day gain in history, and the closing index also set a new record. The trading volume reached NT$1.44 trillion.
·New York, United States
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Total News Sources3
Leaning Left2Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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