Taiwan Stocks Hit Record 41,138 as Active ETFs Diverge

Taiwan's benchmark stock index has continued to set records, led by heavyweight stocks including Taiwan Semiconductor Manufacturing Co. (TSMC), as capital remains highly concentrated in the index's core constituents. By contrast, the first active ETFs require asset managers to select stocks and adjust holdings. Their divergent performance reflects whether managers' allocations can keep pace with market leaders, providing investors with an important gauge of active management.

According to the latest report as of July 20, 2026, the index rose to an intraday record of 41,138 points, but nearly half of the listed active ETFs closed lower, with 00981A posting the steepest decline. Institutional investors said the fund held stocks with relatively high price-to-earnings ratios, while a shift in capital toward heavyweights such as TSMC put its constituent holdings under selling pressure. The report did not disclose the day's trading value.