In Taiwan's stock market on the 2nd, the TAIEX rose for the third consecutive day, closing at 48,475.74, up 122.25 points from the previous day. It set a record high for the second consecutive day, with buying in selected stocks providing support.
In Taiwan's stock market on the 2nd, the TAIEX rose for the third consecutive day, closing at 48,475.74, up 122.25 points from the previous day, and set a record high for the second consecutive day. The move indicated underlying firmness across the broader market.
As the upward trend continued, buying emerged in some stocks against expectations of further gains, helping to support the broader market.
However, some observers noted that the main semiconductor stocks were prone to profit-taking given that the market was trading near record-high levels.