Taiwan Stock Market Performance Today

The Taiwan stock market today (12th) showed a trend of opening lower and closing lower after the Double Ten holiday, with sharp fluctuations during the trading session. Impacted by multiple negative factors including heightened tensions in the Middle East, rising oil prices, concerns over the AI industry, and China's announcement of live-fire drills, the TAIEX opened at 49,272.08 points. It plunged over 540 points intraday, reaching a low of 48,768.82 points. Subsequently, V-turn buying emerged, narrowing the decline, and the index closed down 11.48 points (or 0.023%) at 49,301.96 points. 📈 Market Focus and Fund Rotation Today's market funds did not withdraw entirely but showed a structural 'stock rotation' operation, with funds shifting from some large-cap stocks to epidemic prevention and defensive assets: • Large-cap tech stocks faced selling pressure: TSMC (2330) fell 1.35% (closing at NT$2,550); MediaTek (2454) fell 3.00%; Quanta Computer (2382) fell 2.84%; Delta Electronics (2308) fell 1.26% due to the US initiating a Section 337 investigation. • Epidemic prevention concept stocks became a safe haven: News of the spread of pneumonic plague in Russia led to strong surges, with stocks like Ever Fortune, Conna, and Nan Liu hitting the upper limit. • Traditional industry sectors showed relative resilience: Driven by rising international oil prices, the oil and gas sector rose 3.04% against the trend; the telecommunications network (+1.02%) and cement (+0.83%) sub-sectors also performed well.