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Late TSMC rally boosts TAIEX to a record high FLUSH WITH CASH: The index has repeatedly hit record highs because of a buildup of liquidity, which has also bolstered tech and petrochemical shares, an analyst said Staff writer, with CNA The TAIEX yesterday closed at a record high after early losses were reversed by a late rally in Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) shares on hopes that it will have positive news at its investor conference on Thursday, dealers said. Other large-cap semiconductor shares also attracted buying late in the session and non-tech heavyweights benefited from strong liquidity, lending further support to the broader market, they said.

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