Reported 3 months ago
Despite strong economic data and corporate earnings in the U.S., former President Trump’s unfriendly comments about Taiwan and the semiconductor industry caused a significant drop in the Taiwan stock market on July 18. The index plummeted over 600 points at one point, heavily impacting major stocks like TSMC, which lost over 40 TWD. Analysts suggest that Trump's potential protectionist policies could stir market instability, while the upcoming TSMC earnings conference raises questions about whether it can mitigate the current downward trend.
Source: YAHOO