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Taiwan shares reached a record high on Wednesday, gaining 426 points to close up at 36,722.

The rise was driven by AI trends, which have caused Taiwanese exports to skyrocket. Taiwan’s exports reached record figures in March and in the first quarter of the year. March exports totaled NT$2.5 trillion, and Q1 exports hit NT$6.1 trillion. According to Professor Nieh Chien-chung of the Department of Finance at Tamkang University, record-breaking exports and the stock market have been key factors in the rise of Taiwan’s economy over the past two to three years.

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