AI-Led Chip Rally Drives Taiwan Stock Gauge to 19-Month High
- Taiex rises 1.2% to the highest level since April 2022
- Chipmaker TSMC has driven gains with an 11% climb in November
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Taiwan’s benchmark stock gauge climbed to its highest closing level since April 2022 as the artificial intelligence theme regains momentum and foreign investors return.
The TWSE Index, or Taiex, rose 1.2% on Tuesday, with chipmakers Taiwan Semiconductor Manufacturing Co. and MediaTek Inc. the biggest contributors. The measure has advanced 23% this year, compared with a 4.5% gain in the MSCI Asia Pacific Index of regional peers.