TSMC closes up 10% to NT$2,425 on July 31 as Taiex posts record point gain

TSMC rose 10% to NT$2,425 on July 31, its daily limit, as the Taiex gained 3,186.45 points (7.98%) to 43,119.75, the largest one-day point gain on record. Focus Taiwan credited the rally to US tech strength after strong Microsoft and Amazon earnings, plus a rebound in Seoul.

• TSMC up 10% to NT$2,425 (daily limit)
• Taiex up 3,186.45 points (7.98%) to 43,119.75, a record point gain
• Driver cited: US tech rally after Microsoft and Amazon earnings, and a rebound in Seoul