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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the exceptional strength of the global technology sector, Taiwan reported its GDP grew by 12.9% year-on-year in the second quarter of 2026. According to reports from ING, these figures exceeded all market forecasts, which had anticipated growth of around 10.5%. This remarkable expansion is driven by sustained global demand for semiconductors, which form the backbone of the Taiwanese economy, alongside strong contributions from domestic demand and high-tech exports.
The data reflects a continuation of the double-digit expansion trend, with net exports contributing 5.93 percentage points to this quarter's growth. Per market data, TSM (Taiwan Semiconductor Manufacturing Co.) shares closed at $403.31 on July 30, 2026, while ASX shares stood at $34.77 on the same date. Analysts note that Taiwan's capital expenditure cycle remains anchored to the AI infrastructure boom, bolstering companies linked to this vital sector.
Looking ahead, investors are monitoring the sustainability of the tech expenditure cycle and its impact on local monetary policy. While TSM shares closed near their daily high of $406.77 (close July 30, 2026), markets await upcoming inflation data to see if the central bank will hike rates. In the context of global indicators, recent data from July 27, 2026, showed the German Ifo Business Climate index improved to 86.6, suggesting relative stability in the broader global business environment.