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Taiwan Stocks Hit Record Close at 48,157 Points Led by TSMC Rally
Electronic Technology · Semiconductors · economic_daily · 2026-09-23
Taiwan's benchmark index reached a new closing high of 48,157.29 points, driven by a strong performance from TSMC and positive news from the cement sector.
What Happened
Record-Breaking Performance: The Taiwan Stock Exchange index surged 357.12 points to close at a historic high of 48,157.29 points. Trading volume reached NT$855.95 billion, reflecting sustained market momentum despite a slight contraction in activity.
TSMC Leads the Market: TSMC shares rose to NT$2,500, adding 40 points and contributing approximately 317 points to the index. The broader electronics sector gained 1.06%, with notable strength from Hon Hai, Elite Material, and Unimicron.
Cement Sector Expansion: Cement giant Taiwan Cement announced plans to acquire a 100% stake in Ukraine's second-largest cement producer, IFCEM, for up to €750 million. This strategic move boosted Taiwan Cement's stock by 4.48%, lifting the overall cement sector index by 2.84%.
Market Outlook: Analysts suggest that the index struggled to surpass its intraday record of 48,601.53 points due to the upcoming long holiday. The market is expected to remain in a consolidation phase as investors balance growth with pre-holiday caution.