Taiwan's Taiex Hits Record 48,601.53 as Tech Stocks Advance

Taiwan's benchmark Taiex reached a record intraday high of 48,601.53 on September 22, 2023, driven by gains in the tech sector. Significant contributors included TSMC, which rose 0.40%, MediaTek, up 7.88%, and Delta Electronics, gaining 2.67%. The technology sector comprises about 88% of the Taiex index, highlighting the importance of semiconductor companies. This development reflects strong growth in Taiwanese stocks linked to the AI boom and Taiwan's role in the global semiconductor supply chain. Ordinary investors should note that the upcoming August export orders are expected to show resilient demand at 63.0% year-over-year, indicating continued growth potential.

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