On May 26, iShares MSCI Taiwan ETF rose 5.62% overnight, trading at $102.26/share, with trading volume of $828,000.
The rally was driven by a broad semiconductor sector surge propelling the Taiwan equity market. According to recent data, the Taiwan Capitalization Weighted Stock Index has gained over 50% year-to-date, with TSMC alone accounting for approximately 45% of the index weight. TSMC reported Q1 net profit of NT$572.48 billion, a 58.3% year-over-year increase and a record high. MSCI's latest quarterly rebalancing further raised TSMC's weighting by 0.56 percentage points, reinforcing capital inflows into Taiwan-focused funds.
The broader semiconductor cycle continues to accelerate, with Q2 contract prices for general-purpose DRAM expected to rise 58%-63% and NAND Flash prices forecast to surge 70%-75%. NVIDIA's fiscal Q1 GAAP net income reached $58.32 billion, up 211% year-over-year, underscoring robust AI-related chip demand that benefits TSMC as the dominant foundry supplier.
The fund generally invests at least 80% of its assets in the component securities of the MSCI Taiwan Index, a free float-adjusted market capitalization-weighted index designed to measure the performance of large- and mid-cap equity segments in Taiwan.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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