Taiwan Stock Market Performance Today

Today (September 11th), the Taiwan Weighted Index (TAIEX) closed down 755.64 points, a 1.61% decrease, at 46,184.85. Dragged down by international markets, including a 2.66% drop in the Philadelphia Semiconductor Index, the market opened lower and continued to fall throughout the day, hitting a low of 45,942.44 points. The intraday trading range was 1.51%, with a total market turnover of approximately NT$721.9 billion. ⚠️ 1. Middle East Conflict and Oil Prices Surging Past $100: Escalating tensions between the US and Iran have fueled market fears about energy supply. Both major international oil benchmarks (West Texas Intermediate and Brent Crude) jumped over 6% in a single day, firmly holding above $100 per barrel. This has intensified short-term concerns about inflation resurfacing. 📈 2. US Treasury Yields Nearing 5%, Triggering Asset Rebalancing: Influenced by inflation expectations, US long-term government bonds faced selling pressure, pushing the 10-year US Treasury yield up to 4.95%, nearing a 20-year high. High yields have significantly compressed the valuation space for tech and growth stocks, prompting global institutional investors to rebalance their portfolios, leading to capital outflow from the stock market. 🔎 3. Fed Rate Hike Expectation Surges to 70% for Next Week: Due to heavy inflationary pressure, market optimism for the Federal Reserve's upcoming interest rate decision meeting has been shattered. Latest data and oil price movements have led the market to estimate a 70% probability of the Fed raising rates by 1 quarter-point, extending the high-interest rate environment.