Taiwan Stocks Hit Record Highs as TSMC Surges

Taiwan's stock market experienced a significant surge, with the TAIEX index hitting a new closing high of 47,741.51 points. The rally was propelled by major technology companies, particularly TSMC, whose stock price climbed to NT$2,510, and UMC, which reached NT$160. These gains in the "wafer twins" significantly boosted the broader electronics sector, including memory, ABF substrates, low-orbit satellites, and IC design companies.

Other sectors like plastics, electrical cables, and biotechnology also contributed to the upward trend. The index opened higher and saw substantial intraday gains, reaching a peak of 47,871 points. However, the market's advance was tempered by declines in financial, construction, and automotive sectors, leading to a moderated closing gain of 1,276.31 points.

The trading volume was robust, reaching NT$1.44 trillion. Among the top traded stocks, TSMC led with a turnover of NT$97.427 billion. Other notable stocks included Powerchip Semiconductor Manufacturing, Innolux, Yageo, and MediaTek, all contributing significantly to the day's trading activity. The strong performance of TSMC was also reflected in its ADRs, which saw a substantial increase in the U.S. market.