"Taiwan's Stock Index Hits Record High on AI Optimism"

Taiwan's benchmark stock index, Taiex, reached a record high fueled by optimism over the demand for artificial intelligence technology, with Taiwan Semiconductor Manufacturing Co. (TSMC) leading the surge. TSMC's strong sales and discussions with Nvidia's CEO have further bolstered investor sentiment in the AI theme, attracting significant inflows from international investors. This surge reflects the broader global trend of rising shares in chipmakers and tech firms, with Nvidia's market cap surpassing that of Amazon and Alphabet.