US Stocks Close Lower Amid Middle East Tensions; Advisors Focus on TSMC Tech Symposium

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Geopolitical uncertainties in the Middle East drove US markets down, but Taiwan stocks surged to an all-time high amid massive foreign net buying, with eyes turning to TSMC's upcoming Technology Symposium.

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Geopolitical uncertainties in the Middle East drove US markets down, but Taiwan stocks surged to an all-time high amid massive foreign net buying, with eyes turning to TSMC's upcoming Technology Symposium.

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Source: https://www.cna.com.tw/news/afe/202604220029.aspx | Date: Date unavailable

(CNA reporter Ho Hsiu-ling, Taipei, 22nd) Market sentiment in US equities was swayed by the situation in the Middle East on the 21st, causing the three major indices to close lower. Investment advisors noted that the TSMC Technology Symposium will kick off on the 22nd (Pacific Time), expecting a strong focus on key technologies like the A14 process and advanced SoIC packaging. The market is paying close attention to the subsequent movements of the related supply chains. The two-week ceasefire between the United States and Iran is set to expire on the evening of the 22nd (Eastern Time). Escalating uncertainty regarding how the situation will develop post-ceasefire led most major US stock indices to fall. The Dow Jones Industrial Average fell 293.18 points, or 0.59%, to close at 49,149.38; the S&P 500 Index dropped 45.13 points, or 0.63%, to end at 7,064.01; the Nasdaq Composite fell 144.43 points, or 0.59%, closing at 24,259.96. However, the Philadelphia Semiconductor Index rose 48.00 points, or 0.50%, finishing at 9,647.22. Foreign media reported that US President Trump announced on the 21st an extension of the ceasefire with Iran until Tehran proposes an agreed-upon plan to end hostilities with the US and Israel and completes the related discussions. He also directed the US Navy to continue its blockade of Iranian ports. Looking at individual stocks, NVIDIA fell by 1.08%, while TSMC ADR gained 0.5%. The Taiwan stock market ultimately rose by 646.31 points on the 21st, closing at 37,605.11 and setting another all-time high. The three major institutional investors combined for a net purchase of 67.656 billion NTD. Among them, foreign and mainland Chinese investors (excluding foreign dealers) accounted for a net purchase of 60.153 billion NTD, marking the 7th largest single-day net buying amount in history. The top three stocks bought by foreign investors were Taiwan Glass (36,618 shares), the actively managed Capital US Growth ETF (28,535 shares), and Wistron (27,712

US Stocks Close Lower Amid Middle East Tensions; Advisors Focus on TSMC Tech Symposium

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