Taiwan Stock Market Today: TAIEX Surpasses 49,000 For First Time, Hits Record 49,666 As AI Stocks Rally, Check Why TAIEX Is Rising, TSMC, MediaTek, Delta Electronics & Hon Hai Performance

Taiwan’s benchmark TAIEX index extended its winning streak on Monday, climbing 1,190 points, or around 2.5%, to touch 49,666 during morning trading. The index crossed the 49,000 level for the first time, marking its fourth consecutive session of gains.

The rally was led by technology and manufacturing stocks, with investor sentiment boosted by strength in US technology shares and expectations that softer US employment data could reduce pressure for further monetary tightening by the Federal Reserve.

AI Stocks Lead Taiwan Market Rally

The electronic technology sector gained around 2.7%, reflecting continued investor confidence in artificial intelligence-related investment and semiconductor demand. Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker and one of the biggest components of the TAIEX, rose 2.8% during the session.

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