TSMC Takes a Break, Taiwan Stocks Fall Over 400 Points to Retest 5-Day Moving Average
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The Taiwan Stock Exchange (Taiex) fell over 400 points today, dropping from historical highs to test the 5-day moving average, influenced by a decline in the US Philadelphia Semiconductor Index. Major technology stocks like TSMC, Delta Electronics, MediaTek, and Foxconn all saw significant drops, while financial stocks showed resilience.