Taiwan’s Weighted Stock Index has achieved the top spot in Asia this year with a gain of 28.45%, followed by the Nikkei 225’s 17.56% increase. Additionally, Taiwan’s semiconductor giant TSMC has seen an impressive surge of 63% in its stock value this year, surpassing Bitcoin’s 48.75% performance.
Under the AI boom, stocks associated with artificial intelligence have seen continuous gains. Major U.S. companies including Microsoft, Apple, Nvidia, and Google have all capitalized on this trend, reaching new stock price highs in June.
In June, Taiwan, hailed by Nvidia CEO Jensen Huang as the “AI center of the world,” briefly touched a historic high of 23,406 points in its Weighted Index amidst the AI frenzy. This has led even disillusioned cryptocurrency investors to remark, “Crypto is falling behind; let’s play Taiwan stocks instead…”
Taiwan’s stock market shines brightest in Asia in the first half of the year. According to CNBC, as of June 30, the Taiwan Weighted Index has risen by 28.45% driven by AI-related concept stocks, leading the region. Following are the performances of other indices:
– Nikkei 225 Index: +17.56%
– India Nifty 50: +10.49%
– India SENSEX Index: +9.4%
– Malaysia FTSE Bursa Malaysia KLCI Index: +9.31%
– Korea KOSPI Composite Index: +5.37%
– Hong Kong Hang Seng Index: +3.94%
…
In response, Rahul Ghosh, Global Equity Portfolio Specialist at T. Rowe Price, suggests that AI is likely to continue leading global markets.
Source: LSEG, CNBC
Meanwhile, in the first half of this year, Taiwan Semiconductor Manufacturing Company (TSMC), dubbed as the “guardian mountain” of Taiwan, has surged by 64%. Hon Hai Precision Industry (Foxconn), driven by AI server supply chains, has seen an even higher increase of 105%. In comparison, Bitcoin has only risen by 48.75% in the first half of the year, notably lagging behind Taiwan stocks amidst a bull market. Clearly, the influence of AI is profoundly significant.
