Taiwan Shares Retreat from Record High on Profit Taking

2026-05-26 02:52 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, dropped 68 points, or 0.2%, to 43,577 in Tuesday morning trade, erasing gains from the previous three sessions, as traders took profits after the index hit a record high a day earlier.

The decline was weighed down by electronic technology stocks, which fell 0.2%, with Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the market’s total value, dropping 0.9% after rising 2.4% on Monday.

Meanwhile, Hon Hai Precision Industry and ASE Technology fell 0.4% and 1.6%, respectively.

Rising oil prices also pressured the index after fresh US military strikes in Iran clouded the outlook for a US-Iran deal to reopen the Strait of Hormuz.

The broader index closed at 43,644 on Monday, marking the fifth-largest closing-point gain on record, buoyed by the world’s largest chipmaker, TSMC.

Taiwan overtook India in stock market value, buoyed by TSMC, bringing it to the fifth largest in the world, according to Bloomberg.



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Taiwan Shares Retreat from Record High on Profit Taking
The TAIEX, Taiwan’s benchmark stock index, dropped 68 points, or 0.2%, to 43,577 in Tuesday morning trade, erasing gains from the previous three sessions, as traders took profits after the index hit a record high a day earlier. The decline was weighed down by electronic technology stocks, which fell 0.2%, with Taiwan Semiconductor Manufacturing Company (TSMC), which accounts for more than 40% of the market’s total value, dropping 0.9% after rising 2.4% on Monday. Meanwhile, Hon Hai Precision Industry and ASE Technology fell 0.4% and 1.6%, respectively. Rising oil prices also pressured the index after fresh US military strikes in Iran clouded the outlook for a US-Iran deal to reopen the Strait of Hormuz. The broader index closed at 43,644 on Monday, marking the fifth-largest closing-point gain on record, buoyed by the world’s largest chipmaker, TSMC. Taiwan overtook India in stock market value, buoyed by TSMC, bringing it to the fifth largest in the world, according to Bloomberg.
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