TAIPEI (TVBS News) — Taiwan Stock Exchange soared to a record high Monday (Sept. 22), closing up 302.23 points at 25,880.60 points following the Federal Reserve's 0.25% interest rate cut. The surge marked the fourth consecutive week of gains for Taiwan's benchmark index. Investors responded enthusiastically to the Fed's monetary policy shift, driving significant buying across technology and manufacturing sectors.
The market opened 21.23 points higher at 25,599.60 points before expanding gains beyond 100 points. Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC, 台積電), the world's largest contract chipmaker, surged NT$30 (around US$0.99) to reach a historic high of NT$1,295 (around US$42.74). Delta Electronics, Inc. (台達電) climbed NT$19 (around US$0.63) to NT$907 (around US$29.93), while Foxconn (鴻海) gained NT$2 (around US$0.07) to NT$216 (around US$7.13).
The index closed Friday at 25,578.37 points, down 190.99 points or 0.74%, with trading volume reaching NT$619.695 billion (around US$20.46 billion). U.S. markets finished higher Friday following the Federal Reserve's rate cut announcement, sustaining global momentum. Apple's iPhone 17 global launch provided additional support for technology stocks worldwide, amplifying investor optimism across semiconductor and electronics sectors. ◼
