28.05.202603:11:21UTC+00Taiwan Shares Extend Rally to New Peak

Taiwan’s benchmark stock index, the TAIEX, climbed 225 points, or 0.5%, to 44,482 in Thursday morning trading, extending the previous session’s gains and driven mainly by electronic technology shares. The index set a fresh record high and held above the 44,000 mark for a second consecutive day amid sustained optimism over AI-related demand.

Buying interest focused on the electronic technology sector, which rose 0.9% and helped maintain the market’s upward momentum. Taiwan Semiconductor Manufacturing Company (TSMC), which represents more than 40% of the market’s total capitalization, advanced 2.0%, while Hon Hai Precision Industry added 2.1%.

The TAIEX first breached the 44,000 level on Wednesday and ended that session at 44,257, largely supported by a strong rally in electronic technology stocks. Sentiment also benefited from an overnight upswing in the S&P 500 and Dow Jones Industrial Average on Wall Street, amid hopes for a potential US–Iran peace agreement.