Taiwan Stock Market Performance Today

The Taiwan Weighted Index opened lower and continued to decline today (8th), closing down 492.93 points, a 0.99% drop, at 49,313.44 points, falling below the 5-day moving average. Impacted by the previous day's all-red performance in the US stock market and rising US Treasury yields, coupled with the upcoming Double Tenth 3-day holiday, market caution and profit-taking selling emerged. The market saw a sharp drop of over 600 points in early trading, reaching a low of 49,189.77 points, before slightly recovering. Today's market turnover was NT$869.696 billion. Summary of Today's Market Performance Highlights: • Leading Stocks Drag Down the Market: TSMC (2330), the 'King of Stocks,' faced selling pressure in the final trading session, plummeting 35 points to close at its daily low of NT$2,550 (a 1.35% drop), single-handedly dragging down the index by approximately 277 points. Key electronic blue-chip stocks like MediaTek, Delta Electronics, and Foxconn also closed lower. • Strong Thematic Stocks Break Through Against the Trend: Passive components and compound semiconductor sectors became safe havens for funds today. For instance, TAIYA (2340) surged 9.87% to hit the daily limit, driven by demand for sensor components and advanced packaging. Stocks like Hwatong and Walsin Technology also showed strong performance. • Most Sectors Showed Red: Among the eight major sectors, financial stocks were relatively weak with a 1.68% decline, and the machinery and electrical sector also fell 1.07%. However, traditional industries like petrochemicals (up 0.35%) and textiles (up 0.82%) demonstrated some resilience against the downturn.