US Stocks Set New Records, TSMC ADR Hits New High; Analysts: Taiwan Stock Market to Challenge 40,000 Points
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US Nasdaq and Philadelphia Semiconductor Index set new records, with TSMC ADR surging 5.17% to a new high of $402.46, driving the Taiwan stock market to challenge the 40,000-point mark. Analysts point out that the FSC's relaxation of the investment limit for Taiwan stock funds in TSMC to 25% has encouraged capital to concentrate on blue-chip stocks, anticipating strong short-term momentum for the Taiwan stock market.