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Taiwan Stocks Hit New Record Highs Amid Strong AI Sector Momentum
Electronic Technology · Semiconductors · economic_daily · 2026-09-22
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The Taiwan Stock Exchange reached new intraday and closing highs on the 22nd, driven by AI sector optimism despite a slight pullback in TSMC shares.
What Happened
Market Performance: The Taiwan stock market reached new record highs during the session, peaking at 48,601.53 points before closing at 47,800.17 points, up 0.17%. Trading volume remained robust, surpassing the NT$1 trillion mark as investors reacted to positive cues from U.S. markets.
Stock Highlights: Performance among major tech stocks was mixed, with TSMC declining 0.81% to 2,460 NTD. Conversely, MediaTek and UMC saw significant trading activity and positive momentum, while Nanya Technology lagged behind in terms of price performance.
Market Outlook: Fund manager Hsiao Hui-chung from Allianz Global Investors emphasized that the AI supply chain remains the primary driver for the market. Strong profit growth and order visibility are expected to persist through 2027, supporting the overall bullish structure of the index.
Investment Strategy: Analysts advise investors to look past short-term market volatility and focus on fundamental indicators like corporate capital expenditure and AI product commercialization. Key sectors to watch include advanced packaging, ASIC, high-end PCB, and optical communications, which are expected to maintain strong growth trajectories.