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TAIEX

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  1. 1

    Taiwan's benchmark TAIEX index has surged to record highs, rallying over 570 points at one open to reclaim the 48,000 level, driven by strength in energy and mineral stocks and a rally in the Philadelphia Semiconductor Index. Foreign and institutional investors bought a net NT$29.2 billion, with the market gaining 1,814 points in the third quarter. Broader Asian markets also rose as weak U.S. jobs data eased expectations of further Federal Reserve rate hikes, with Japanese stocks surging in tandem.

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    TSMC's share price surge lifts it to 41% of Taiwan's stock market●TSMC now commands a staggering 41% of the entire Taiwan Stock Exchange by weight. A single-day jump of NT$75 in its stocMmastodonTechnologyAI05 h ago

    TSMC's stock jumped NT$75 in a single day, driving nearly 595 points of the TAIEX's rise and pushing the chipmaker's market capitalisation to a record NT$66.77 trillion. The company now accounts for a staggering 41% of the entire Taiwan Stock Exchange by weight, highlighting how heavily the island's market depends on one semiconductor giant.