Taiwan Stocks Surge 1220 Pts to Cross 40,000; TSMC Hits Record 2310 TWD

TAIPEI (CNA) — TSMC's American Depositary Receipts (ADR) rose 5.17% to a new high, driving the Taiwan stock index futures to hit a historic high of 40,059 points after opening today. This led the TAIEX weighted index to continue its record-breaking run, surging over 1,000 points in early trading to reach a peak of 40,152.82 points, up 1,220.42 points. The index crossed the 40,000-point mark for the first time, setting a new intraday record.

Market leader TSMC reached a historic high of 2,310 TWD in early trading, crossing the 2,300 mark for the first time with a gain of 125 TWD, its largest single-day gain ever. The stock surged 5.7%, and its market value increased by 3.24 trillion TWD to a total of 59.9 trillion TWD, another record high. Other major tech stocks showed mixed results: MediaTek rose slightly, while Delta, Foxconn, and others dipped slightly. ASE Technology surged 5%.

Securities analysts pointed out that as President Trump released strong but flexible signals regarding Iran negotiations, market focus has returned to fundamentals. Technical indicators remain bullish, and trading volume is healthy, representing a long-term upward trend controlled by buyers. Additionally, the Financial Supervisory Commission's easing of fund holding limits has helped sustain the liquidity rally.