Story
Taiwan's TAIEX Index Reaches New All-Time High on Tech Sector Gains
Summary
Taiwan's benchmark stock index, the TAIEX, surged 0.71% to close at a new record high on Thursday, propelled by strong performance in the technology and communications sectors.
Taiwan's main stock index closed at a new all-time high on Thursday, driven by a rally in technology and communications shares. The Taiwan Weighted Index (TAIEX) gained 0.71% to finish the session at a record level, according to market data.
Sector-Led Rally
The advance was primarily led by gains in several key sectors. According to closing data, the top-performing industry groups included Communication and Internet, Electronic Products Distribution, and Electronic Parts/Components.
Despite the index reaching a new peak, market breadth was negative, indicating the rally was not broad-based. Data from the Taiwan Stock Exchange showed that falling stocks outnumbered advancing ones by 571 to 429, with 119 issues ending the session unchanged.
AdStandout Movers
Several individual stocks posted significant moves during the trading day. The top performers were concentrated in the tech and industrial sectors.
- Top Gainers: ASRock Rack Inc (TW:7711) and Foxwell Power Co Ltd (TW:6994) both surged by the 10.00% daily limit. Silitech Technology Corp (TW:3311) rose 9.99% to a five-year high.
- Top Decliners: On the other end, Onano Industrial Corp (TW:6405) fell 9.98%, Microtek International Inc (TW:2305) dropped 9.90%, and InnoCare Optoelectronics Corp (TW:6861) declined 6.86%.
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