Taiwan stocks hit a new high again! Up 42% year-to-date, ranking second globally

Glonghui May 6th｜The Taiwan Weighted Index surged nearly 2% intraday today to 41,575.84 points, reaching a new all-time high; it eventually closed up 0.91% at 41,138.85 points, once again setting a new record closing high and marking the third consecutive day of record highs. The Taiwan Weighted Index has gained 42.04% year-to-date, second only to the Korea Composite Stock Price Index, ranking second globally. Analysts point out that, stimulated by the continuous all-time highs of US stocks and Korea’s semiconductor giants (Glonghui’s “Korean Twins”—SK Hynix and Samsung Electronics), Taiwan’s electronics heavyweight stocks have maintained strong performance. Market optimism towards AI-related hardware (especially semiconductors and computing power network construction) has continually pushed the Taiwan Weighted Index to expand upwards after breaking through the psychological barrier of 40,000 points. As core weighted stocks representing more than 40% of the market's total capitalization, semiconductor giants such as TSMC have contributed most of this year’s index gains with their steady performance. TSMC has risen approximately 47% year-to-date.