NVIDIA's Strong Earnings Propel Taiwan Stocks to 1,441-Point Intraday Gain, 7th Largest in History
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On the 21st, the Taiwan stock market staged a revenge rally in Taipei, driven by NVIDIA's better-than-expected earnings and outlook, coupled with a retreat in U.S. Treasury yields. The TAIEX surged by 1,441 points intraday to a high of 41,461.93, marking the 7th largest intraday point gain in history. Electronics and semiconductor stocks led the charge, with heavyweights like TSMC and MediaTek soaring. Passive components and PCB sectors also saw multiple stocks hit their limit-up prices amid active trading.