US-Iran Tensions, Wall Street Falls: Investment Advisors Say Taiwan Stock Market Technicals Weaken
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Renewed US-Iran tensions increased market uncertainty, causing all four major US stock indexes to fall over 1%, with TSMC ADR closing down 4.48%. Investment advisors analyzed that the Taiwan stock market closed with a bearish candle below its monthly moving average, indicating weakened short-term technicals and a need for consolidation. TSMC reported record May revenue but goes ex-dividend today.