Reported 5 months ago
On July 17, 2024, the US stock market, driven by President Trump's recent 'protection fee' remarks and escalating US-China chip war, saw a decline in chip and tech stocks. This affected the performance of the Taipei stock market, which opened in deep red, starting at 23,373 points and dropping over 600 points in less than 5 minutes. MediaTek and Hon Hai Precision Industry dropped more than 3%, while TSMC fell below NT$1,000, hitting a low of NT$986. The much-anticipated investor conference will take place in the afternoon, drawing global attention.
Source: YAHOO