TSMC and Memory Stocks Lead Taiwan Stocks to New Record High

The Taiwan stock market continued its upward trend on the 2nd, led by TSMC and the memory sector. Despite intraday volatility, the index closed up 219.4 points at a new record high of 45,557.31, with a trading volume of NT$1.607 trillion. TSMC rose NT$25 to close at a record NT$2,380. Hon Hai also regained the NT$300 mark, hitting its highest price since 2000. Memory stocks including Nanya Technology, ADATA, and Winbond hit their daily limit. Following NVIDIA CEO Jensen Huang's keynote speech, AI-related stocks such as Acer, Asus, and Quanta also saw strong gains. Market analysts expect AI supply chains to remain the focus ahead of COMPUTEX.