Taiwan’s Taiex index closed at 23,525.41 points on Jan. 22, marking a 30% annual gain with an increase of 5,429.34 points over the past year.

Over the past year, the market’s capitalization climbed by over NT$18 trillion (approximately US$547 billion).

Taiwan Semiconductor Manufacturing Co. (TSMC) contributed significantly to the Taiex’s positive performance.

The company’s stock surged by 75.6%, rising to NT$1,135.00 (US$36.32).

TSMC accounted for roughly 70% of the index’s market cap growth, increasing its capitalization by NT$12.68 trillion (US$405.76 billion).

Recent Taiwan Semiconductor Manufacturing Co. developments