Taipei, April 2 (CNA) Shares in Taiwan closed at a new high Tuesday on the back of strong buying led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) after a 4 percent surge in the company’s American depositary receipts (ADRs) on the U.S. markets overnight, dealers said.
Other tech heavyweights such as iPhone assembler Hon Hai Precision Industry Co. and contract electronics maker Quanta Computer Inc. also steamed ahead to fuel momentum on the broader market amid optimism toward their efforts in artificial intelligence development, dealers added.
The Taiex, the Taiwan Stock Exchange’s (TWSE) weighted index, ended up 244.24…
