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TSMC Leads Taiwan Stocks Higher as Index Surges Over 500 Points
Electronic Technology · Semiconductors · economic_daily · 2026-09-23
Taiwan stocks rallied today, climbing over 500 points to break the 48,300 level, driven by a strong performance from TSMC and a broader surge in tech shares.
What Happened
Market Rally: Taiwan stocks opened significantly higher today, buoyed by a strong performance in the Philadelphia Semiconductor Index. The benchmark index surged over 500 points in early trading, successfully clearing the 48,300 mark.
TSMC's Dominance: TSMC served as the primary engine for the rally, with its share price jumping by 40 NTD to reclaim the 2,500 NTD level. The company's ADR performance in the U.S. bolstered investor confidence, contributing approximately 317 points to the index's gains.
Tech Sector Strength: Broad-based gains were observed across the electronics sector, with major players like Foxconn, ASE Technology, and Unimicron seeing notable price increases. The electronics sector index rose by more than 1%, providing essential support for the broader market.
Positive Sentiment: Following a strong showing in the overnight index futures, the local market maintained a bullish tone throughout the morning session. Investors showed renewed appetite for large-cap tech stocks, driving the market toward higher levels.