Taiwan's stock market is pushing toward the 50,000 milestone, driven by AI chip demand — good news for chip investors, though analysts warn against chasing prices this high.

• The main index closed at a record near 49,700 after jumping more than 1,200 points, then futures broke past 50,000 overnight.
• TSMC set a new all-time high around 2,575 Taiwan dollars, with MediaTek back above 5,000 and circuit-board makers limit-up.
• Foreign investors poured in heavily, one of the biggest single-day buying sprees on record, much of it into active ETFs.
• A weak US jobs report killed expectations of another Fed rate hike this month, and cheaper oil eased inflation worries, lifting Asian markets.
• Nvidia hit a record in the US, pushing its value to 5.76 trillion dollars, while rising US government bond yields hint markets still fear sticky inflation.

Outlook: Taiwan's index looks likely to hold above 50,000 this week, with gains rotating from the big index heavyweights into smaller sectors.