Taiwan Stock Market Performance Today

The Taiwan stock market experienced a massive sell-off today (15th), closing down 1,655.96 points at 46,969.87 points, marking the sixth-largest point drop in Taiwan's stock market history. Here are the four key external negative factors that caused today's severe downturn in the Taiwan stock market: 1. US Inflation Re-emerges, Market Fears Renewed Rate Hikes • Data Exceeds Expectations: The US announced yesterday (14th) that the September Consumer Price Index (CPI) year-on-year increase rose to 3.7% (higher than the expected 3.6%); both the core CPI monthly and yearly increases also exceeded expectations. • US Treasury Yields Surge: The resurgence of inflation caused the 10-year US Treasury yield to rapidly climb to around 5.32%, and the 2-year yield also rose to 4.94%. • Rate Hike Probability Soars 2. AI Valuations Corrected, Philadelphia Semiconductor Index Down for 6 Consecutive Days • US Tech Stocks Bloodbath: Last night, the US Philadelphia Semiconductor Index plunged 4.3% (down for 6 consecutive days), and TSMC ADR fell 3.37%, causing Taiwan's AI-related sectors like semiconductors, assembly & testing, and PCBs to become targets for foreign investors' profit-taking today. 3. China Competition and Korean Market Meltdown, Domino Effect on Asian Tech Stocks • Memory Market Supply Crisis: Reports indicate significant technological advancements from China's CXMT and plans to launch server memory, sparking market concerns about price competition. Memory giants like Micron, Samsung, and SK Hynix are under pressure. 4. Geopolitical Risks and Soaring Oil Prices, Funds Seek Early Haven Before Elections