Taiwan Stocks Hit All-Time High, Weighted Index Up 1.50%

Market Summary: Taiwan Weighted Reaches New Peak

Taiwan's stock market concluded Friday on a strong positive note, with the benchmark Taiwan Weighted index climbing 1.50% to achieve a new all-time high. The rally was primarily fueled by robust performance in key industrial sectors, signaling strong investor confidence.

Sector and Stock Performance Overview

Gains were broadly led by the Electricity, Machinery, and Plastic sectors. Among the session's top individual performers, Sonix Technology Co Ltd stood out with its stock price surging 10.00%. Universal Inc and Holtek Semiconductor Inc also posted significant gains, both rising by 9.98% by the close of trade.

Broader Economic Indicators

In contrast to the equity market's bullish trend, global commodity prices experienced a downturn. Crude oil and Brent oil futures both fell over 1.40%. The April Gold Futures contract also saw a decline of 2.33%. In currency markets, the USD/TWD pair edged up by 0.09%.

Market Outlook

The record-breaking performance of the Taiwan Weighted index underscores significant momentum in the market. Investors will be closely watching to see if this trend can be sustained amid fluctuating global commodity prices and currency movements in the coming weeks.

FAQ

Q: What was the main driver for the Taiwan stock market's rise?
A: The primary drivers were strong gains in the Electricity, Machinery, and Plastic sectors.

Q: How much did the Taiwan Weighted index increase?
A: The Taiwan Weighted index rose by 1.50%, setting a new all-time record high.

Source: Investing.com