Taiwan Stocks Hit Record Highs as TSMC Surges on Global Tech Rally

Taiwan's stock market staged a historic comeback on Friday, with the TAIEX index soaring by 2962 points to a record high of 42895. The surge was led by a dramatic rise in the stock price of Taiwan Semiconductor Manufacturing Company (TSMC), which jumped 195 NT dollars to a new record of 2350 NT dollars.

The strong performance in Taiwan followed a significant rebound in the US semiconductor sector. The Philadelphia Semiconductor Index surged over 8% on Thursday, driven by chip stocks and a substantial single-day gain in Microsoft's stock price. This rally eased market concerns about large-scale spending on AI infrastructure.

Across Asian markets, South Korea's KOSPI experienced a sharp increase of over 15%, leading to a market circuit breaker, while Japan's Nikkei 225 index jumped over 3200 points. The positive sentiment in global markets, particularly in tech and semiconductor stocks, significantly boosted investor confidence.

Numerous electronic stocks on Taiwan's stock exchange, including UMC, ASE Technology Holding, Powerchip Semiconductor Manufacturing, Nanya Technology, and MediaTek, saw their prices hit the daily upper limit. This broad-based rally saw over 120 listed and OTC companies reach their trading limits, contributing to the index's record-breaking performance.