2 days ago
Taiwan's Stock Index Set for Record High as AI Optimism Expands
Taiwanese shares are on track for a record high, buoyed by a strong outlook for artificial intelligence and exemption from some US tariffs for major chip makers.
The Taiex benchmark rose as much as 1% on Wednesday, set to surpass its previous closing high in July 2024. The gauge is now up 40% from an April low, driven by a rally in Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker and a key supplier of Nvidia Corp.
