Taiwan's stock market surged to a fresh record high on Monday, with the Taiex, the country's benchmark stock index, rising 2.55% to close above 49,700 points. Analysts said the rally was fueled by strong gains on Wall Street on Friday and easing concerns over a potential US Federal Reserve interest rate hike. Semiconductor giant TSMC, Taiwan's most valuable listed company, also posted sharp gains, helping drive the broader market higher. The latest advance brings the Taiex within striking distance of the 50,000-point milestone as investor sentiment continues to improve.
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