S&P and Nasdaq Hit Record Highs; Taiwan Stocks Focus on TSMC Earnings Call
Driven by record highs in US markets, Taiwan's stock market surged, with TSMC reaching a record 2100 TWD intraday. ASE acquires Innolux plant for advanced packaging.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 09:14
- 🔍 Collected: April 16, 2026 at 09:31 (16 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 11:00 (73h 28m after Collected)
Central News Agency
(CNA Reporter Pan Zhiyi, Taipei, 16th) The US S&P 500 and Nasdaq indices hit record highs, the Philadelphia Semiconductor Index also rose, while TSMC ADR fell 1.26%. TSMC will hold its earnings call this afternoon, which will be the market's focal point.
US President Donald Trump stated that although there are reports of China planning to provide a new air defense system to Iran, Beijing has agreed not to send weapons to Iran. Separately, Trump also expects Chinese President Xi Jinping to 'give me a big hug' at the upcoming Trump-Xi meeting.
The market is optimistic that the US and Iran may reach an agreement, and the White House has signaled openness to further negotiations. Major US stock indices mostly closed higher, extending recent gains, with the S&P and Nasdaq setting new records.
The Dow Jones Industrial Average fell 72.27 points, or 0.15%, to 48,463.72; the S&P 500 rose 55.57 points, or 0.80%, to 7,022.95; the Nasdaq Composite surged 376.94 points, or 1.59%, to 24,016.02; and the Philadelphia Semiconductor Index advanced 15.16 points, or 0.16%, to 9,239.28.
The Taiwan stock market surged 768.04 points intraday on the 15th, hitting a record high of 37,064.16. The gains narrowed in the afternoon, closing at a record high of 36,722.14.
Heavyweight TSMC hit a historic intraday high of 2,100 TWD on the 15th, up 45 TWD, and closed up 25 TWD at 2,080 TWD, setting a record closing high with a 1.22% increase. Its market capitalization reached a record 53.94 trillion TWD. TSMC will hold an earnings call this afternoon, drawing intense market attention.
Major testing and packaging company ASE Technology Holding announced on the evening of the 15th on behalf of its subsidiary ASE Semiconductor that it spent 14.85 billion TWD to acquire Innolux's Fab 5 plant and related ancillary facilities in the Tainan Southern Taiwan Science Park. ASE Semiconductor stated the primary purpose is to expand its advanced semiconductor packaging capacity.
The EU plans to raise steel import tariffs to 50% and reduce duty-free quotas. China Steel stated on the 15th that it will prioritize the allocation of refined steel products and explore new emerging markets in response. Yieh Phui stated it had anticipated these measures, secured orders in advance, and current orders are queued until the third quarter of this year.
The board of directors of BES Engineering Corporation removed director and independent director candidates nominated by shareholders, citing 'excessive nominations.' The Commercial Court ruled on the 15th that BES must include all director and independent director candidates nominated by Baoxin Investment, Dahwa Construction, and Jiajun Investment on the general meeting's election roster. BES stated it respects the Commercial Court's injunction ruling.
The White House Council of Economic Advisers released the '2026 Economic Report of the President,' indicating a significant shift in US bilateral trade. The proportion of imported goods from China has dropped to levels near the year 2000, while imports from Taiwan surged by $59.6 billion (about 1.88 trillion TWD), the largest increase among all countries. This symbolizes US-Taiwan economic integration, strengthening trade relations from the perspective of innovation and economic security. (Editor: Zhang Junmao) 1150416
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(CNA Reporter Pan Zhiyi, Taipei, 16th) The US S&P 500 and Nasdaq indices hit record highs, the Philadelphia Semiconductor Index also rose, while TSMC ADR fell 1.26%. TSMC will hold its earnings call this afternoon, which will be the market's focal point.
US President Donald Trump stated that although there are reports of China planning to provide a new air defense system to Iran, Beijing has agreed not to send weapons to Iran. Separately, Trump also expects Chinese President Xi Jinping to 'give me a big hug' at the upcoming Trump-Xi meeting.
The market is optimistic that the US and Iran may reach an agreement, and the White House has signaled openness to further negotiations. Major US stock indices mostly closed higher, extending recent gains, with the S&P and Nasdaq setting new records.
The Dow Jones Industrial Average fell 72.27 points, or 0.15%, to 48,463.72; the S&P 500 rose 55.57 points, or 0.80%, to 7,022.95; the Nasdaq Composite surged 376.94 points, or 1.59%, to 24,016.02; and the Philadelphia Semiconductor Index advanced 15.16 points, or 0.16%, to 9,239.28.
The Taiwan stock market surged 768.04 points intraday on the 15th, hitting a record high of 37,064.16. The gains narrowed in the afternoon, closing at a record high of 36,722.14.
Heavyweight TSMC hit a historic intraday high of 2,100 TWD on the 15th, up 45 TWD, and closed up 25 TWD at 2,080 TWD, setting a record closing high with a 1.22% increase. Its market capitalization reached a record 53.94 trillion TWD. TSMC will hold an earnings call this afternoon, drawing intense market attention.
Major testing and packaging company ASE Technology Holding announced on the evening of the 15th on behalf of its subsidiary ASE Semiconductor that it spent 14.85 billion TWD to acquire Innolux's Fab 5 plant and related ancillary facilities in the Tainan Southern Taiwan Science Park. ASE Semiconductor stated the primary purpose is to expand its advanced semiconductor packaging capacity.
The EU plans to raise steel import tariffs to 50% and reduce duty-free quotas. China Steel stated on the 15th that it will prioritize the allocation of refined steel products and explore new emerging markets in response. Yieh Phui stated it had anticipated these measures, secured orders in advance, and current orders are queued until the third quarter of this year.
The board of directors of BES Engineering Corporation removed director and independent director candidates nominated by shareholders, citing 'excessive nominations.' The Commercial Court ruled on the 15th that BES must include all director and independent director candidates nominated by Baoxin Investment, Dahwa Construction, and Jiajun Investment on the general meeting's election roster. BES stated it respects the Commercial Court's injunction ruling.
The White House Council of Economic Advisers released the '2026 Economic Report of the President,' indicating a significant shift in US bilateral trade. The proportion of imported goods from China has dropped to levels near the year 2000, while imports from Taiwan surged by $59.6 billion (about 1.88 trillion TWD), the largest increase among all countries. This symbolizes US-Taiwan economic integration, strengthening trade relations from the perspective of innovation and economic security. (Editor: Zhang Junmao) 1150416
Choose to stand with facts. Every sponsorship from you is the power to protect press freedom.
Download the CNA 'First Hand News' APP to grasp the latest news instantly.
The text, images, audio, and video on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.