TSMC Hits New Record of NT$2,180; TAIEX Surges Over 1,000 Points Mid-day

TAIPEI (CNA) - Although TSMC ADRs fell over 1%, the Financial Supervisory Commission (FSC) announced a relaxation of investment limits for domestic equity funds and active ETFs in TSMC. This pushed TSMC's stock price to a new high of NT$2,180 mid-day, up NT$100. This rally drove the TAIEX to a high of 38,916.85 points, an increase of 1,202.7 points. As of around 11:15 AM, the weighted index stood at 38,608.08 points. Previously, funds were limited to holding no more than 10% of their net asset value in a single company. The FSC relaxed this on the 23rd, allowing funds to hold up to 25% if a company accounts for more than 10% of the market value. Currently, only TSMC qualifies. While tech stocks like Delta Electronics also saw gains, traditional sectors like plastics and textiles mostly declined.