AI Momentum Strong, Taiwan Stock Market Rises 1276 Points to Close at 47741, Reaching New Highs

(CNA, reporter Zeng Renkai, Taipei, June 22) TSMC's stock price broke through the NT$2500 mark today, leading the Taiwan stock market to open high and continue rising. The index rose by a maximum of 1405.99 points during trading. The closing index for the over-the-counter market rose 1276.31 points to 47741.51 points, marking the 8th largest closing point increase in Taiwan stock market history. It firmly stayed above the 47000-point mark, reaching new highs for the index, with a transaction value of approximately NT$1.4414 trillion.

TSMC closed up NT$100, or 4.15%, at NT$2510. MediaTek rose NT$75, or 1.71%, to close at NT$4465. Delta Electronics and Foxconn closed at their opening prices.

Semiconductor-related stocks performed strongly today. UMC opened with a jump to the daily limit, reaching NT$160. Outsourced semiconductor assembly and test giant ASE Technology Holding also closed at the daily limit of NT$674, reaching a new all-time high. Over 20 IC design stocks, including Novatek, Realtek, and Si-En, also hit the daily limit.

In terms of electronic components experiencing shortages and price increases, PCB-related stocks including Nan Ya PCB, Taimideh, and Flexium Interconnect, as well as upstream material providers for PCBs such as glass fiber cloth like Nan Ya Plastics, Chien-Jung, and Deh-Hong, saw many stocks hit the daily limit.

Pramerica Securities Investment Trust fund manager Kao Hao-chih analyzed that Taiwan's importance in the global technology supply chain is continuously increasing. He cited a June statistic from foreign investment bank Goldman Sachs, stating that AI-related companies account for over 80% of the MSCI Taiwan Index's weighting. Among these, semiconductors account for a high of 68%, and hardware accounts for about 17%, reflecting the importance of the technology industry to the Taiwan stock market and highlighting Taiwan's key position in global AI infrastructure and supply chain upgrades.

Pramerica Securities Investment Trust believes that with the rapid development of the global AI industry, corporate profits in Taiwan are growing. This wave of gains in the Taiwan stock market is not solely driven by speculation but is supported by strong fundamentals of profit growth. From the perspective of international capital, Taiwan has become the core market for AI investment in North Asia, driving long-term upward momentum for the Taiwan stock market. (Editor: Chang Chun-mao) 1150622

Stand with facts, your every sponsorship is a force to protect press freedom

Download the CNA "One-Stop News" APP for real-time updates

The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or used without authorization.