TSMC Rises 55 NTD; Taiwan Stocks Surge Over 1,000 Points to 44,670

Following a broad rally in US markets on the 28th, where the S&P 500 and Nasdaq hit new highs, the Taiwan stock market saw significant gains on the 29th. The index climbed 1,033.6 points in early trading to reach 44,670. TSMC's stock price rose by 55 NTD, bringing its market capitalization to 60.94 trillion NTD and contributing approximately 437 points to the index. Other major stocks such as Delta Electronics, Hon Hai, and Quanta also performed well, with the electronics sector rising over 2%. Traditional industries, including cement, plastics, and textiles, also saw gains exceeding 1%.