Taiwan Stocks Hit Record High Before Pulling Back; '53 Thousand-Dollar Stocks' Milestone Short-Lived

With the three major US stock indices hitting record highs and TSMC's ADR and futures reaching new peaks, the Taiwan stock market rose today, touching a historical high of 44,954.09 points before fluctuating and settling above 44,500 points. GlobalWafers surged 9% to join the 'thousand-dollar' club but failed to hold the level, making the '53 thousand-dollar stocks' milestone short-lived. As of 11:10 AM, the weighted index was up 319.67 points to 44,576.47, with turnover expanding to approximately NT$865.7 billion. TSMC hit a record high of NT$2,360, with its market cap reaching NT$61.2 trillion. While AI continues to drive the market, analysts warn of rising margin trading and inflation risks.