The reverberations of Apple’s march to record valuation are being felt far beyond Wall Street.
The company has been a key contributor to a rally in Taiwan stock that this week pushed the tech-dominated market beyond the 10,000 mark for only the fifth time in its history.
Taiwan is the third-largest constituent of MSCI’s benchmark emerging markets index with a capitalisation of $1.1tn. It has been enjoying its best start to a year in five, up 7.7 per cent on confidence in the outlook for the global technology supply chain.
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