AI Drives Taiwan Stocks to 25-Year High Despite Global Uncertainty

TaiwanPlus News

Taiwan’s benchmark stock index surged to a new intraday high on Wednesday, marking levels not seen in 25 years. Analysts say AI demand continues to drive the market higher despite the current geopolitical risks, with investors now watching TSMC’s upcoming earnings for signs of how long the rally can last.

Transcript

00:00Taiwan's stock market is climbing to levels not seen in 25 years, with investors pushing ahead despite global uncertainty.

00:08The benchmark Tayex surged on Wednesday to a new intraday high.

00:12Chip giant TSMC led the rally, also reaching a record peak.

00:16Margin debt, that's money investors borrow to buy stocks, has risen more than 13 billion U.S. dollars, the highest

00:23since September of 2000.

00:25Analysts say the surge is being driven by AI demand, despite geopolitical risks such as the Iran war.

00:31Investors are now looking ahead to TSMC's earnings on Thursday to see how long the rally will last.

Category

Transcript

Comments

Recommended