TREND:
‘The market heard one thing loud and clear: AI demand is no longer just about chips powering large language models,’ an analyst said
Staff writer, with CNA
Shares in Taiwan closed above the 44,000-point mark for the first time yesterday after the bellwether electronics sector rebounded following a US rally overnight amid continued enthusiasm over artificial intelligence (AI) development. The TAIEX closed up 731.43 points, or 1.68 percent, at 44,256.80, and turnover on the local main board totaled NT$1.557 trillion (US$49.55 billion), compared with NT$1.47 trillion a session earlier, Taiwan Stock Exchange data showed. “Today’s large turnover demonstrated the willingness to chase prices was high, with buying in large-cap electronics stocks sparked by the strong showing in the United States overnight,” Mega International Investment Services Corp (兆豐國際投顧) analyst Alex Huang (黃國偉) said, citing a 1.19 percent increase on the tech-heavy NASDAQ index.
A woman walks past an electronic stock board in Taipei yesterday.
