TSMC Hits Record 2,330 TWD as Taiwan Stock Index Surpasses 40,000 Points

Following a 5.17% surge in TSMC's American Depositary Receipts (ADR), the Taiwan Stock Exchange (TWSE) Weighted Index opened at a record high today. The index hit the 40,000-point milestone for the first time, reaching a peak of 40,194.92 points, an increase of over 1,262 points.

TSMC, often referred to as the 'King of Stocks,' touched a new high of 2,330 TWD, a price that coincidentally matches its stock code. The stock rose by 145 TWD, its largest single-day gain ever, bringing its market capitalization to 60.42 trillion TWD. Other electronic heavyweights like Nanya Technology and Macronix hit their daily price ceilings, while the market leader ASPEED reached a new high of 17,295 TWD.

Analysts noted that while geopolitical factors like Middle East tensions continue to affect global markets, Artificial Intelligence (AI) remains the primary engine driving corporate profits and stock growth in Taiwan. The market's focus remains on industry fundamentals and the continued expansion of the AI sector.