Taiwan’s Stock Index Rises to Near Record High Amid AI Optimism
Taiwan's stock index has risen to near a record high, driven by optimism surrounding the AI industry and the exemption of major chip makers from certain US tariffs. The Taiwan Weighted Index, the country's benchmark stock measure, climbed close to its all-time high, reflecting investor confidence in the AI sector's prospects. This surge in stock prices comes as Taiwan's tech companies, particularly chip manufacturers, have been granted exemptions from some US tariffs, providing a boost to the country's export-driven economy. The strong performance of Taiwan's stock market highlights the growing importance of AI technology and the resilience of the island's semiconductor industry, which plays a crucial role in the global supply chain. Investors appear to be betting on the continued growth and innovation in these key sectors, driving the stock index towards record levels.
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