TAIEX jumps 1.9% toward record high on tech and chip optimism
TAIEX rose 863 points, or 1.9%, to 47,414 in Monday morning trading, extending gains and moving near its June 22 record high. Electronic technology led with a 2.4% rise; TSMC added 1.5%.
9%, to 47,414 in Monday morning trade, extending its previous-session gains and edging closer to the record high it set on June 22. The move was supported by optimism around memory chip demand tied to a new model from OpenAI. 4%. 5%.
9 billion overseas convertible bond offering. 3%. Traders were also looking ahead to Taiwan’s August trade data later this week, with optimism around AI infrastructure demand.