Taiwan Stocks Plunge Over 500 Points at Open on Rising Middle East Tensions

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Taiwan stocks opened sharply lower on June 4, falling over 500 points at one point, as escalating Middle East tensions, a rebound in oil prices, and a pullback in US markets triggered profit-taking after four consecutive record closes. Major weighted stocks like TSMC, Delta Electronics, and Hon Hai fell, while MediaTek bucked the trend. Analysts noted that COMPUTEX shows AI is moving from cloud computing to real-world applications, creating a 'tangible tech dividend' and maintaining a long-term bullish view on the market.

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