MediaTek, Low-Orbit Satellite Stocks Strong as TAIEX Pares Losses, Closing Down 721 Points Off Low

AI Summary (NQ-processed)

The Taiwan stock market plunged by over a thousand points in early trading on the 18th but significantly narrowed its losses, driven by strong performances from MediaTek, passive components, and low-earth orbit satellite stocks, while TSMC also recovered from its lows. The market closed down 280.54 points at 40,891.82, leaving a long lower shadow of 721.65 points. An analyst noted that while profit-taking pressure exists at high levels, the market showed resilience. Key variables to watch going forward include the U.S.-Iran conflict, corporate earnings, and U.S.-China trade relations.