Taiwan Stock Market Tops Record 30,000 Point Milestone

TaiwanPlus News

Taiwan’s stock market is continuing its historic rally, surpassing 30,000 points for the first time ever. Tech stocks led the charge, with TSMC shares hitting a new record amid AI chip demand. That’s after the company’s American depositary receipts surged in value.

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00:00Taiwan's stock market is continuing its historic rally on Monday, surpassing 30,000 points for the first time.

00:07The main index at Tyax hit that milestone in early trading building on Friday's record close.

00:12Tech stocks led the charge, with TSMC shares hitting a new record amid soaring demand for AI chips.

00:19That's after the semiconductor giant's American Depository Receipts surged in value last week,

00:24closing at a high of US$319 each.

00:27Market attention is now focused on TSMC's January 15th investor conference.

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