Reported 3 months ago
On July 18, Taiwan's stock market saw a dramatic drop of 621.08 points within just five minutes of opening, reaching a low of 23,148.74 points. This plunge was fueled by continued fallout from Trump's remarks about Taiwan's defense payments and a sharp decline in U.S. tech stocks, particularly the Philadelphia Semiconductor Index, which fell over 6.8%. TSMC's ADR dropped nearly 8%, with its share price dipping below 1,000 NTD. The surge in volume for the 00632R Taiwan 50 Bear ETF, exceeding 18.4 million shares, indicates a growing risk aversion among investors.
Source: YAHOO