TAIEX Hits 15-year Record: 10,000 Points

On April 28, the TAIEX benchmark index briefly touched 10,002.58 points – the first time it had surpassed the 10,000-point mark in 15 years – mainly due to stock purchases by foreign investors.

While the index retreated later in the morning to close at 9,973.12, it was the highest close since April 11, 2000. Daily turnover came to NT$130.16 billion (US$4.22 billion), and foreign investors are reported to have bought local shares worth a net total of NT$21.57 billion. The New Taiwan dollar also strengthened that same day, reaching NT$30.551 against the greenback, its highest level in five months. Analysts expect the index to regain the 10,000 point peak later this year, backed by a government stimulus plan and strong liquidity.

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