Taiex Posts Biggest Closing Point Gain on Record
Taiwan's stock market has posted its biggest closing point gain on record. The Taiex surged more than 3,000 points on Friday, closing up 7.98%. Analysts say a streak of favorable earnings by Taiwan's tech heavyweights calmed investor nerves, as other Asian markets also bounced back, with South Korea's Kospi making a record intraday leap of more than 16% and Japan's Nikkei gaining more than 4%.
Taiwan Stock Market Surges
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REPORTER:
Taiwan’s stock market has posted its biggest closing point gain on record.
Taiwan’s benchmark index, the Taiex, surged more than 3,000 points on Friday, closing up 7.98%. Analysts say a streak of favorable earnings by Taiwan’s tech heavyweights has calmed investor nerves. Other Asian markets also bounced back with South Korea’s Kospi making a record intraday leap of more than 16 percent, and Japan’s Nikkei gaining more than 4 percent.
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Taiex Recovers After Volatile Week
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REPORTER:
Taiwan’s stock market rallied on Friday following a week of brutal tech and AI sell-offs.
Taiwan’s benchmark index, the Taiex, opened more than 4 percent higher to retake the 40,000-point mark. Analysts say a streak of favorable earnings results by Taiwan’s tech names has reinforced outlook on fundamentals. Asian shares also rallied as South Korea’s battered market made a record comeback, with the country’s benchmark Kospi leaping more than 10 percent, and Japan’s Nikkei gaining 4.5 percent.
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