TSMC rises 2.07% to NT$2,460 on September 7 as Taiex nears its June record

TSMC rose 2.07% to NT$2,460 on Monday September 7, while the Taiex gained 1.67% to 47,326.27, its second-highest close on record and just short of the 47,741.51 set on June 22. Focus Taiwan tied the buying to a rally in US semiconductor stocks the previous Friday, when the Philadelphia Semiconductor Index rose 3.38%. Concern about a possible Fed rate hike after August US jobs data was not enough to stop the move.

• TSMC up 2.07% to NT$2,460
• Taiex up 775.14 points (1.67%) to 47,326.27; record close is 47,741.51 (June 22)
• Driver cited: US semiconductor rally; Philadelphia Semiconductor Index up 3.38% the prior Friday