Taiwan Fund Monthly Insights - April, 2026

Taiwan's equity market delivered strong performance in April 2026, with the TAIEX Total Return Index (the “Benchmark”) rising 23.83% in U.S. dollar terms, driven by accelerating AI and semiconductor demand, broad-based gains across the technology sector and strong foreign institutional inflows of $6.3 billion (USD) amid a record tech-led export surge and first quarter 2026 GDP growth reaching a near 39-year high. During the month, the best three performing industry groups were Technology Hardware & Equipment, Semiconductors & Semiconductor Equipment and Capital Goods. The poorest performing industry groups were Household & Personal Products, Food, Beverage & Tobacco and Consumer Discretionary Distribution & Retail. Note that we do not have any holdings in these industry groups.