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The TAIEX, Taiwan’s benchmark stock index, climbed 863 points, or 1.9%, to 46,421 by midday Wednesday, extending its winning streak to a fourth consecutive session. The advance mirrored overnight gains on Wall Street amid sustained optimism over AI-related investment and pushed the index above the 46,000 mark for the first time.
The rally was led by electronic technology, financials, producer manufacturing, technology services, and energy minerals, which collectively underpinned the broader market’s strength. Sentiment was further supported by encouraging data from China, where fresh figures showed private-sector business activity expanding in May at the fastest pace in three months.
Electronic technology stocks gained 1.8% as robust expectations for AI demand continued to buoy the sector. TSMC, the world’s largest contract chipmaker and a heavyweight that represents more than 40% of the market’s total capitalization, rose 2.1% after a 1.1% increase in the previous session. Delta Electronics advanced 3.4%, Hon Hai Precision Industry gained 3.3%, and ASE Technology jumped 5.4%.
