47,000 defense battle! Wafer duo led the way, the index fell more than 1,400 points
Quick Look
- Affected by the higher-than-expected inflation data in the United States in September, the market was worried that the Federal Reserve would further raise interest rates, causing Taiwan stocks to drop more than 1,400 points at the opening.
- Electronic stocks such as TSMC, UMC, MediaTek, and Nanya led the decline.
- Asian stocks plummeted across the board, Korean stocks triggered a circuit breaker, and Japanese stocks plummeted by more than 2,600 points.
AI-generated summary
Why It Matters
U.S. inflation data for September exceeded expectations, and the market was worried that the U.S. Federal Reserve would further raise interest rates, putting pressure on AI technology stocks that are sensitive to rising borrowing costs.
[Financial Channel/Comprehensive Report] Inflation has raised concerns about interest rate hikes, and the price of semi-finished products plunged 4.3% on Wednesday. Affected by this, Asian stocks plummeted across the board on Thursday, and Taiwan stocks could not escape. Electronic stocks such as TSMC, UMC, MediaTek, and Nanya fell at the opening. The index opened down 243.08 points and opened at 48382.75 points. Semiconductor-led electronics stocks fell, while Communication Industry and Finance also fell simultaneously. The index opened lower, falling more than 1,400 points, and the index dropped to 47,193 points.
U.S. inflation data for September exceeded expectations, and market concerns that the U.S. Federal Reserve (Fed) will further raise interest rates have put pressure on AI technology stocks that are sensitive to rising borrowing costs. The Dow Jones Industrial Average fell 48.62 points or 0.09%, the S&P 500 Index fell 1.11%, the Nasdaq Index fell 1.88%, the Philadelphia Semiconductor Index fell 4.3% for the sixth consecutive time, and TSMC ADR fell $15.12, 3.4%, to close at $430.
Please read on...
Asian stocks plummeted across the board on Thursday, with South Korean stocks suffering the worst. With SK Hynix and Samsung Electronics plunging more than 8%, the index plummeted more than 7% at opening, directly triggering a circuit breaker. Japanese stocks also plunged more than 2,600 points.
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What to Watch
AI outlook — possibilities, not facts
Taiwan stocks will continue to fluctuate and fall in the short term
Likely · Within days
Korean stocks may further trigger the circuit breaker mechanism
Possible · Within days
Open Questions
- Will the Federal Reserve really raise interest rates at its next meeting?
- When will Taiwan stocks stabilize their decline?
- Will the long-term competitiveness of the wafer duo be affected?
