(Taiwan, 27th) Taiwan’s stock market set a historical new high on Monday (April 27), with the weighted index surpassing the 40,000 point mark.
According to a comprehensive report from United Daily News and Economic Daily News, driven by a strong rebound in US tech and semiconductor stocks, the Taiwan stock market roared after the opening bell on Monday, with the weighted index powerfully breaking through the 40,000-point barrier to set a new record. Taiwan’s semiconductor giant, TSMC—the market’s leading stock—was the most crucial force behind the rally, with its shares surpassing NT$2,300 (RM289.42) in early trading.
As of 9:34 am, the weighted index continued to rise, reaching 40,160.32 points.
Liberty Times reported that according to statistics from investment trust companies, so far this year as of last Friday (April 24), the Taiwan stock market has surged by 34.42%, ranking as the fourth strongest in the world, far ahead of Shanghai, Malaysia, and Hong Kong.
Liberty Times reported that according to statistics from investment trust companies, so far this year as of last Friday (April 24), the Taiwan stock market has surged by 34.42%, ranking as the fourth strongest in the world, far ahead of Shanghai, Malaysia, and Hong Kong.
According to Bloomberg’s earlier report, as of April 15, the total market capitalization of the Taiwan stock market rose to US$4.14 trillion (about RM16.36 trillion), making it the world’s seventh largest stock market. This figure covers the combined market value of companies listed on Taiwan’s main boards.