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The AI and Tech Boom Drives Taiwan Stocks to Reach Another All-Time High
17 hour ago /
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Author：小编
On September 23, the Taiwan Stock Exchange Weighted Index closed up 0.75% at 48,157.29 points, marking a new historical high. The rise in semiconductor and wafer fabrication stocks drove the overall market higher, with TSMC gaining 1.6%, Hon Hai rising 1.2%, and MediaTek increasing 0.1%, all closing at record highs. Influenced by Wall Street's optimism towards artificial intelligence and tech stocks, the Nasdaq Index reached another all-time high, boosting Taiwan stocks as well. Barclays believes that Taiwan will continue to benefit from strong semiconductor shipments and tech hardware exports.
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