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Taiwan Stocks Rally Over 300 Points as AI Supply Chain Leads Gains
Electronic Technology · Semiconductors · economic_daily · 2026-09-21
Taiwanese stocks rose sharply in morning trading, led by TSMC and AI-related firms, as market sentiment improved on strong demand for computing power.
What Happened
Market Performance: The Taiwan stock market opened strong, climbing over 349 points to reach a high of 47,530.13, buoyed by positive momentum in U.S. stock index futures.
Key Movers: TSMC recovered from early weakness to trade higher, while MediaTek and ASE Technology saw gains of over 3% and 5% respectively, underscoring the market's focus on AI-related hardware.
Sector Trends: While the memory sector faced some selling pressure, other components such as passive components manufacturer Yageo showed strength, helping to maintain upward momentum across the broader electronics sector.
Analyst Outlook: Market analysts note that short-term technical indicators have turned positive, suggesting that sustained demand for AI computing power will continue to support investor confidence and buying interest in the near term.