Taiwan Stock Market Reaches Historic High
Taiwan's stock market closed Monday with sharp gains. The country's main index, Taiwan Weighted Index, rose 2.51% and reached an all-time high. The growth was primarily led by the plastics, computer technology, and energy sectors.
Among the day's most successful companies was momo.com Inc., whose shares gained 10%. Formosa Sumco Technology Corp also posted a 10% increase, while Cheer Time Enterprise Co Ltd's shares strengthened by 10%.
On the other hand, the largest losses were recorded by Yeong Guan Energy Technology Group Co Ltd, whose shares fell nearly 10% and hit an all-time low. Shares of Chung Fu Tex-International Corp and Lung Hwa Electronics Co Ltd also declined.
Commodity prices also attracted market attention. Oil prices continued to rise, with US crude nearly approaching $90 per barrel, while Brent exceeded $93 per barrel. Meanwhile, gold futures declined by approximately 1%.
On the currency market, the Taiwan dollar strengthened against the US dollar, while the dollar index showed modest growth.
According to analysts' assessment, Taiwan's market growth is being driven by strong investor interest in technology and semiconductor companies, particularly against expectations of long-term development in the artificial intelligence sector.
