Taiwan Stock Market Plunges: TSMC Falls Below NT$1,000

Reported 5 months ago

On July 18, 2024, influenced by comments from Trump, the Taiwan stock market opened with a sharp decline of over 500 points, reaching 23,230. TSMC dropped by NT$43 to NT$987, while UMC and MediaTek also experienced losses amidst heightened concerns over U.S.-China trade tensions and geopolitical factors. The semiconductor sector, including companies like Qualcomm and AMD, faced significant downturns, paralleling the severe fall of U.S. stock indices, igniting worries about future trade restrictions affecting chip manufacturers regardless of the outcome of the upcoming U.S. presidential election.

Source: YAHOO

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