Taiwan’s Stocks Shrug Off Iran War to Hit Record on AI Comeback

Taiwanese stocks rose to a new record as investors returned to the pre-Iran war trading theme of chasing AI shares amid hopes for easing tensions in the Middle East.

The Taiex Index closed up 2.4% Tuesday, boosted by index heavyweight Taiwan Semiconductor Manufacturing Co., which also rose to a new high. The benchmark has gained about 25% this year, outpacing the MSCI Asia Pacific Index’s nearly 10% increase.