Taiex Hits Record High Above 48,000
Taiwan’s benchmark Taiex index hit a new record high on Tuesday, briefly surpassing 48,000 points. The rally was driven by gains in the Philadelphia Semiconductor Index and strong performances from major technology companies, including TSMC, MediaTek and ASE. The index later retreated, closing down 1.34%.
Taiwan Stock Boom Continues
REPORTER:
Taiwan’s benchmark stock index continued to boom and break records on Tuesday morning.
The TAIEX surges past 48,000 points shortly after opening, but dropped down 1.34%. The rally followed gains in the Philadelphia Semiconductor Index, which tracks the sector’s 30 largest companies. Market heavyweights including TSMC, MediaTek, and ASE spearheaded advances in early trading.
---
Taiwan Stock Market Hype
REPORTER:
Taiwan’s stock market is booming, continuing to break records since Monday.
The TAIEX, Taiwan’s benchmark stock index, reached another record high on Tuesday, surging past 48,000 points shortly after the open.
The rally followed gains in the highly correlated US NASDAQ PHLX Semiconductor Index, and market heavyweights including TSMC, MediaTek, and ASE spearheaded advances in early trading.
