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Market move● Neutral for Indian equities
Taiwan index ends at record high, surges 65% year-to-date - What’s driving the rally?
The brief
- Taiwan’s TAIEX closed at a fresh record, up 65% year-to-date amid a boom in AI and semiconductors
- Taiwan says US arms sales are unchanged as $14 billion package remains on hold
- Taiwan president calls for deeper drone cooperation with democratic partners
- Taiwan official says US understands the island’s defence needs
- Taiwan says US arms support serves American interests after Trump-Xi summit
- Trump warns Xi against support for Iran — China gives conflicting assurances