Taiwan Stock Market Reaches 40,000 Points, Premier Cho Jung-tai: Joint Efforts of National Industry
Taiwan's stock market recently surpassed 40,000 points for the first time, with Premier Cho Jung-tai attributing this milestone to the collective efforts of the nation's industries and people, emphasizing Taiwan's resilience amid global uncertainties.
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- 📰 Published: May 6, 2026 at 12:54
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TAIPEI (Central News Agency) -- Taiwan's stock market recently surpassed 40,000 points for the first time. Premier Cho Jung-tai stated today that the 40,000-point achievement of the Taiwan stock market is the result of the joint efforts of the national industry and people, and Taiwan's resilience is worth everyone's pride once again, especially during a time of treacherous international situations.
Cho Jung-tai attended and delivered a speech at the "Enhancing Energy Resilience, Safeguarding Taiwan's Economy - 2026 Taiwan Energy Summit Forum" hosted by Commercial Times today.
Cho Jung-tai said that he had just listened to President Lai Ching-te's visit process in the Presidential Office. President Lai also asked him how the stock market reached 40,000 points. He told President Lai that this is the joint effort of the national industry and people, and Taiwan's resilience is worth everyone's pride once again during a time of treacherous international situations.
Cho Jung-tai pointed out that without electricity, the demands of industries cannot be supported, whether it is high-tech development or small and medium-sized enterprises. Electricity is the most powerful support. The energy policy has three key points: resilience, transition, and stability.
Regarding energy resilience, Cho Jung-tai stated that the government continues to assess future electricity needs, not only increasing a large number of new gas-fired units but also continuously developing new renewable energy sources, and completing the grid resilience plan 4 years ahead of schedule in 2028. By 2032, Taiwan's electricity supply will be abundant and worry-free.
As for energy transition, Cho Jung-tai explained that with the joint efforts of the government and the private sector, Taiwan's renewable energy grew from 4.7GW in 2016 to 22.9GW in 2025, a significant increase, and the vast majority comes from offshore wind power contributions. Taiwan has also become the world's fifth-largest offshore wind farm, and the government will continue to develop diverse green energy.
Regarding energy stability, Cho Jung-tai expressed gratitude to CPC for "snatching oil and gas" in the international market in the past few months. The Executive Yuan last week held a special meeting on people's livelihood projects, requiring the Ministry of Economic Affairs, Taipower, and CPC to not only implement the plan until September but also to design and execute the fourth quarter's plan in advance, to avoid supply difficulties. Taiwan has had no significant adjustments in electricity and other daily necessities prices for five consecutive weeks. CPC has absorbed NT$13.4 billion in costs since February 28, while Taipower has absorbed the increase in natural gas prices itself.
Regarding the nuclear energy issue, Cho Jung-tai explained that the government's policy on nuclear energy is that it will only be considered under the premise of nuclear safety, a solution for nuclear waste, and social consensus. In response to legislative amendments, Taipower is submitting a restart plan and autonomous safety inspection to the Nuclear Safety Commission. This requires many coordinating conditions and some time for review. If all conditions are met and there is social consensus, nuclear power can become a backup energy option, providing one more choice and reducing uncertain fears. (Edited by Yang Kai-xiang) 1150506
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Cho Jung-tai attended and delivered a speech at the "Enhancing Energy Resilience, Safeguarding Taiwan's Economy - 2026 Taiwan Energy Summit Forum" hosted by Commercial Times today.
Cho Jung-tai said that he had just listened to President Lai Ching-te's visit process in the Presidential Office. President Lai also asked him how the stock market reached 40,000 points. He told President Lai that this is the joint effort of the national industry and people, and Taiwan's resilience is worth everyone's pride once again during a time of treacherous international situations.
Cho Jung-tai pointed out that without electricity, the demands of industries cannot be supported, whether it is high-tech development or small and medium-sized enterprises. Electricity is the most powerful support. The energy policy has three key points: resilience, transition, and stability.
Regarding energy resilience, Cho Jung-tai stated that the government continues to assess future electricity needs, not only increasing a large number of new gas-fired units but also continuously developing new renewable energy sources, and completing the grid resilience plan 4 years ahead of schedule in 2028. By 2032, Taiwan's electricity supply will be abundant and worry-free.
As for energy transition, Cho Jung-tai explained that with the joint efforts of the government and the private sector, Taiwan's renewable energy grew from 4.7GW in 2016 to 22.9GW in 2025, a significant increase, and the vast majority comes from offshore wind power contributions. Taiwan has also become the world's fifth-largest offshore wind farm, and the government will continue to develop diverse green energy.
Regarding energy stability, Cho Jung-tai expressed gratitude to CPC for "snatching oil and gas" in the international market in the past few months. The Executive Yuan last week held a special meeting on people's livelihood projects, requiring the Ministry of Economic Affairs, Taipower, and CPC to not only implement the plan until September but also to design and execute the fourth quarter's plan in advance, to avoid supply difficulties. Taiwan has had no significant adjustments in electricity and other daily necessities prices for five consecutive weeks. CPC has absorbed NT$13.4 billion in costs since February 28, while Taipower has absorbed the increase in natural gas prices itself.
Regarding the nuclear energy issue, Cho Jung-tai explained that the government's policy on nuclear energy is that it will only be considered under the premise of nuclear safety, a solution for nuclear waste, and social consensus. In response to legislative amendments, Taipower is submitting a restart plan and autonomous safety inspection to the Nuclear Safety Commission. This requires many coordinating conditions and some time for review. If all conditions are met and there is social consensus, nuclear power can become a backup energy option, providing one more choice and reducing uncertain fears. (Edited by Yang Kai-xiang) 1150506
Stand with the facts; every sponsorship you provide is a force for protecting press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.