TSMC Falls by 50 NTD, Taiwan Stock Market Plunges 697 Points Below 5-Day Moving Average
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Major US stock indexes and the Philadelphia Semiconductor Index closed lower, causing the Taiwan stock market to plunge 697 points today, falling below its 5-day moving average. Despite TSMC's board approving a higher cash dividend, its stock price fell by 50 NTD due to the US market, eroding its market value and impacting the broader market by nearly 400 points.