TAIEX rises 0.75% to record close as AI optimism lifts chip stocks

  • Taiwan's TAIEX rose 0.75% to a record close of 48,157.29.
  • TSMC gained 1.6%, Foxconn rose 1.2%, and MediaTek reached a new high.
  • Barclays raised Taiwan's GDP-growth forecasts to 12% this year and 5% next year.

Taiwan's TAIEX rose 0.75% to a record close of 48,157.29, led by semiconductor and circuit-manufacturing shares as continued enthusiasm for AI and technology stocks pushed the Nasdaq to another record high. TSMC gained 1.6%, Foxconn added 1.2% and MediaTek rose 0.1% to a new high. Barclays raised its Taiwan GDP-growth forecasts to 12% for this year and 5% for next year, citing strong technology exports, semiconductor shipments and technology-hardware demand. The new closing level follows earlier reports of a 48,086 close and a prior intraday record of 48,601.53, whose differing record descriptions remain part of the market's recent volatile trading history.

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