The TAIEX, Taiwan’s benchmark stock index, rose 775 points, or 1.7%, to close at 47,326 on Monday, extending gains from the previous session and moving near its record high reached on June 22, lifted by optimism over memory chip demand linked to a new model from OpenAI. The broader index rose, mainly buoyed by gains in electronic technology, which increased 2.3%. TSMC, the world's largest contract chipmaker, accounting for more than 40% of the market's total value, advanced 2.1%. MediaTek continued to surge, soaring 8.4%, after Nvidia subscribed last week to USD 3.5 billion of its exchangeable bonds as part of MediaTek's record USD 3.9 billion overseas convertible bond offering. Meanwhile, Delta Electronics gained 1.1%, while ASE Technology Holding surged 5.3%. Traders also anticipated the release of Taiwan's August trade data later this week, amid optimism over AI infrastructure demand.