Taiwan’s benchmark Taiex rose to a record intraday high of 48,601.53 points on Tuesday, driven by the technology sector following an AI-fueled rally on Wall Street supported by investor optimism over early signs of success from Meta’s AI agent. TSMC, MediaTek and Delta Electronics — the three largest market capitalizations on the Taiex — all advanced. Taiwan produces over 90% of the world’s most advanced semiconductor chips (7 nanometres and smaller), and has overtaken Canada to become the world’s sixth-largest stock market according to HSBC. August export orders are expected to show growth of 63% year-on-year.
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