TAIEX rises 0.4% to 45,121 as Taiwan tech shares advance

Taiwan's TAIEX benchmark stock index closed up 192 points, or 0.4%, at 45,121 on Tuesday, rebounding from early weakness and extending gains from the previous session as electronic technology and producer manufacturing shares led the market higher. The broader index held near its highest level since July 16, while electronic technology stocks added 0.5% after rising 2.1% in the prior session. TSMC, the world's largest contract chipmaker and a stock that accounts for more than 40% of the market's total value, gained 0.6% after a 0.4% rise on Monday. MediaTek climbed 1.5%, and Yageo Corp., the world's third-largest multilayer ceramic capacitor maker, jumped 6.6%. Gains were capped by a weaker Wall Street session overnight, where higher oil prices fueled questions over the Fed's monetary policy decision at its upcoming meeting. Traders were also waiting for U.S. inflation data due this week for further signals on the central bank's next move.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.