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Taiwan Stocks Hit Record High, Market Cap Surpasses India to Rank Fourth Globally
Electronic Technology · Semiconductors · economic_daily · 2026-09-23
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Taiwan's stock market reached a historic milestone, closing above 48,000 points with a market cap of $5.3 trillion, as analysts eye the 50,000-point mark.
What Happened
Record-Breaking Performance: Driven by strong gains in TSMC and other heavyweight stocks, the Taiwan Stock Exchange index surged 357 points to close at a historic high of 48,157. The market's total capitalization reached approximately $5.3 trillion, surpassing India to become the fourth-largest market globally.
Bullish Outlook: Analysts suggest that momentum remains strong, supported by quarter-end window dressing from institutional investors. While short-term volatility is expected, market sentiment remains positive, with some experts projecting a test of the 50,000-point level as early as next week.
Market Dynamics: Despite a slight contraction in trading volume, the electronics sector remains the primary driver of market growth, accounting for 81% of total turnover. The semiconductor index reached a new peak, reflecting sustained investor confidence in the technology sector.
Institutional Activity: Foreign investors continued their buying streak for the fifth consecutive session, contributing to a total net buy of over 200 billion TWD recently. While state-backed banks have been trimming positions, the overall market outlook remains constructive for post-holiday trading.