Taiwan Stocks Plunge 1,467 Points Then Rebound Nearly 1,000 Points, Recovering 45,000 Mark
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Taiwan stocks plunged as much as 1,467 points in early trading on the 5th, hitting a low of 44,209.53 points, dragged down by weakness in US semiconductor stocks. However, a rebound in heavyweight electronics stocks like MediaTek and TSMC helped the market recover nearly 1,000 points, reclaiming the 45,000-point level during the session. Taishin Securities Investment Trust attributed the initial sell-off to profit-taking after Broadcom's earnings outlook failed to impress, but noted that AI demand remains strong, suggesting no need to worry about short-term corrections.