TAIEX rises 1.7% to 11-week high on AI chip demand optimism
Taiwan’s TAIEX rose 775 points, or 1.7%, to close at 47,326 on Monday, extending gains toward its June 22 record high. Electronics led; TSMC added 2.1% and MediaTek surged 8.4%.
7%, to close at 47,326 on Monday, extending gains from the previous session and moving near its record high reached on June 22, lifted by optimism over memory chip demand linked to a new model from OpenAI. 3%. 1%. 9 billion overseas convertible bond offering.
3%. Traders also anticipated the release of Taiwan's August trade data later this week, amid optimism over AI infrastructure demand.