Taiwan stocks have come to their senses! TSMC stabilizes at 2,400 yuan, and the index sharply pulls over 670 points from its low point

Taiwan stocks have come to their senses! TSMC held steady at 2,400 yuan, and the index sharply pulled over 670 points. (File photo)

[Financial Channel/Comprehensive Report] Selling pressure on U.S. technology stocks exploded, with the Fed Semi Index plunging 3.83% last Friday. Asian stocks also plummeted on Monday. Korean stocks opened lower, plunging 3.16%, breaking 5,500 points, while the Nikkei also opened lower, falling 1,493 points, breaking 64,000. Taiwan stocks fell directly below 2,400 yuan at the opening of TSMC, and the index opened 266.6 points lower. At 2 o'clock, it opened at 46844.64 points. After the electronic and financial news all fell, the index opened lower, fell 941 points, and backtested 46170 points, backtesting towards the quarter line. However, as TSMC entered the buying market during the day, the stock price stood firm above 2400 yuan, and the market index also followed up. The index also sharply increased by 674 points. The index returned to 46844 points, and the index fell 267 points.

U.S. stocks closed lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under pressure again, while soaring oil prices also panicked the market before the weekend, with the panic index (VIX) exceeding 22 for the first time in four months. The Dow Jones Industrial Average fell 175.28 points or 0.34%, the S&P 500 Index fell 1.09%, the Nasdaq Index fell 2.14%, and the Philadelphia Semiconductor Index fell another 3.83%, marking the eighth consecutive trading day of declines and setting a record for the longest losing streak since 2008. TSMC’s ADR dropped by $9.64, 2.28%, to close at $412.61.

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