Artificial intelligence (AI) stocks led not only the U.S. market but also most Asian markets to rise in the first half of the year.
As reported by Bloomberg on the 1st, Taiwan’s stock market index soared nearly 30%, marking the highest increase among Asian markets.
Taiwan’s TAIEX index surged 28% in the first half of the year. The world’s largest foundry (contract manufacturer) semiconductor company, TSMC, saw a 63% increase fueled by the AI boom.
Following Taiwan, Japan’s Nikkei rose by 17.56%, India’s Nifty 50 index increased by 10.49%, Malaysia’s Kuala Lumpur Composite Index grew by 9.31%, and South Korea’s Kospi rose by 5.37%.
On the other hand, Thailand’s SET index fell by 8%, and Indonesia’s Jakarta Composite Index dropped by 2.88%. Meanwhile, during the same period, the U.S. stock market saw the Dow increase by 4%, the S&P 500 rise by 15%, and the Nasdaq grow by 16%.