ETF Movement: iShares MSCI Taiwan Soars Nearly 3% to Record High as Taiwan Stock Market Closes at Historic Peak

Stock News
Apr 21

The iShares MSCI Taiwan ETF (03074) rose nearly 3% during the trading session, reaching a high of HK$381.8 and setting a new all-time record. At the time of writing, the ETF was up 2.72% at HK$381.1, with a turnover of HK$2.4986 million. On Tuesday, the Taiwan Weighted Index closed 1.75% higher at 37,605.11 points, also marking a new historic closing high, with its market capitalization now ranking as the sixth largest globally. Data shows that global funds have net purchased approximately US$10.7 billion in Taiwanese stocks this month, potentially setting a record for the largest monthly inflow ever, significantly surpassing the net inflow into South Korea of US$3 billion. Notably, leading semiconductor manufacturer TSMC previously reported revenue and outlook that exceeded market expectations, providing a strong boost to the broader AI industry chain. Besides chip leader TSMC, many Taiwanese companies are deeply embedded in the AI supply chain, covering areas such as server assembly, power components, chip design, and communication equipment, including companies like Delta Electronics, MediaTek, Hon Hai Precision Industry, and ASE Technology Holding.

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