Today's Taiwan Stock Market Performance

Taiwan stocks experienced a catch-up decline today (29th) after the holiday. Hit by multiple negative factors including international geopolitical risks, rising US Treasury yields, and surging oil prices, the TAIEX index closed down 392.64 points, or 0.82%, at 47,631.96. Not only did it fall below the 48,000-point mark, but it also broke below the 5-day moving average. Market turnover increased to NT$785.039 billion. • Sector Performance Highlights • Tech Giants Hit Hard: • MediaTek (2454): Became a primary target for short-sellers, with its stock price plummeting by NT$375, a steep 7.10% drop, closing at NT$4,910 and falling below the NT$5,000 level. • Delta Electronics (2308): Plunged 3.93%, closing at NT$1,835. • Passive Components & OSAT: Yageo (2327) fell 5.52%; ASE Technology Holding (3711) dropped 1.72%. • Strong Safe-Haven Sectors: • Petrochemicals & Oil/Gas: Driven by escalating Middle East tensions and rising oil prices, the oil, gas, and electricity sector surged 7.19%, topping all sectors. • Formosa Petrochemical (6505) saw a massive turnover of 40,000 shares and soared 8.14%; Nan Ya Plastics (1303) also rose nearly 4%. • Green Energy & Heavy Electrical Equipment: Stocks in the electromechanical sector, supported by policy themes, showed relative resilience. Teco Electric & Machinery (1504) and Chung Hsing Electric & Machinery (1513) closed slightly in the green.