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TSMC Leads Taiwan Stocks to Record Highs, Index Breaches 48,000 Milestone
Electronic Technology · Semiconductors · economic_daily · 2026-09-23
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Taiwan's benchmark index surged 357 points to close above 48,000, fueled by a strong performance from TSMC as market sentiment remains bullish.
What Happened
Market Performance: The Taiwan Stock Exchange index climbed 357.12 points to finish at 48,157.29, with total turnover reaching NT$856 billion. TSMC served as the primary driver of the rally, closing at NT$2,500 and contributing over 250 points to the index's gains.
Market Dynamics: Despite cautious sentiment ahead of the Mid-Autumn Festival, heavyweights like Jentech helped sustain the momentum. While stocks such as Nanya Technology and Unimicron saw high trading volume, others like AUO and GlobalWafers experienced intraday pullbacks, reflecting a rotational shift in capital.
Expert Outlook: Analysts at First Capital Investment Consulting maintain a bullish long-term view, citing strong AI order recognition and seasonal profit growth in Q4. They noted that recent high-level volatility is a normal market adjustment and does not signal a reversal in the overall trend.
Investment Strategy: Investors are advised to avoid chasing rallies and instead wait for pullbacks in high-quality stocks. Key sectors to watch for the remainder of the year include semiconductors, ASIC, thermal management, and ABF substrates, with a focus on companies with strong growth prospects through 2027.