Taiwan Stocks Plunge Over 1,000 Points in Early Trading as TSMC Drops NT$50
NQ Score
80/100
AI Summary (NQ-processed)
Driven by unresolved US-Iran tensions and rising international oil prices, the Taiwanese stock market experienced a significant downturn in early trading on the 18th, falling below the 41,000-point mark to a low of 40,170.17. The drop of 1,002.19 points tested the 40,000-point psychological level and the monthly moving average. Market bellwether TSMC led the decline, falling NT$50 to NT$2,215. Other major electronics stocks, including Delta, MediaTek, and Foxconn, also saw significant drops, reflecting heightened market anxiety over geopolitical risks.
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