Taiwan stock market outperforms Japan, South KoreaAI AUGMENTED: A national economic specialization on artificial intelligence and adjacent industries has pushed Taiwan further and faster than neighbors in recent yearsStaff writer, with CNATaiwan’s stock market has outperformed markets in Japan and South Korea for the past four years because of the strong growth in artificial intelligence (AI) hardware, a particular strength of Taiwan’s economy, the central bank said. The central bank said the Taiwan Stock Exchange’s benchmark TAIEX index has risen about 120 percent from a low of 12,666 points in 2022 to 27,867 on Dec. 15. A woman walks past signage at the Taiwan Stock Exchange Corp headquarters in Taipei on May 6. The central bank said AI applications for end-users still need more time to mature and downside risks are possible for the global supply chain, which could create uncertainty over the local economy. However, corrections should occur over time and the evolution of AI technology would evolve and pave the way for longer term economic growth, the central bank said.
