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Taiwan Stocks Hit Record High as NVIDIA Investment in MediaTek Sparks Massive Rally
Electronic Technology · Semiconductors · cnyes · 2026-09-01
The TAIEX surged 820 points to a record high of 46,948, driven by NVIDIA's investment in MediaTek and strong buying from institutional investors.
What Happened
Market Hits Record High: The TAIEX experienced a massive rally, climbing 820.25 points to close at a record high of 46,948.72. The surge was fueled by news of NVIDIA's investment in MediaTek's convertible bonds, with total market turnover reaching over NT$1.1 trillion.
Semiconductor Sector Leads: MediaTek spearheaded the rally, triggering gains across silicon photonics, compound semiconductors, and CoWoS testing equipment providers. TSMC also contributed to the gains, while stocks like GlobalWafers and Win Semiconductors saw significant upward momentum.
Sector Rotation: Strong capital inflows into high-end semiconductor and packaging sectors led to profit-taking in other areas, such as memory manufacturing and biotechnology. Investors are shifting funds toward high-growth tech segments, causing minor pullbacks in previously overbought stocks.
Market Outlook: The market remains in a strong bullish trend with moving averages aligned upward. While trading volume is robust, investors are advised to monitor institutional buying patterns and the capacity utilization rates of advanced semiconductor supply chains.
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