Reported 7 months ago
On July 17, 2024, Taiwan's stock market experienced a sharp drop of over 600 points in morning trading, reaching a low of 23148.74 points. This was attributed to the impact of talks from former U.S. President Trump, along with stricter proposed Chinese chip bans in the U.S. Nvidia and TSMC saw significant declines, with TSMC falling below 1000 Yuan to 986 Yuan. The semiconductor index faced substantial selling pressure, as major U.S. markets also closed down. There is concern about the short-term fluctuation in Taiwan's stock market, and whether it will find support at the monthly average. TSMC's market value decreased by 800 billion Yuan within a short period.
Source: YAHOO