TAIEX Pulls Back from Record High on Profit-Taking

2026-06-23 03:55 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, dropped 170 points, or 0.4%, to 47,571 in Tuesday morning trading, snapping a six-session winning streak, as traders took profits after the index hit a record high a day earlier.

The broader market retreated from a fresh high of 47,571 reached on Monday, surpassing the 47,000 level for the first time, mainly weighed down by electronic technology, manufacturing, and technology services stocks.

Electronic technology stocks fell 1.1%, reversing a 3.1% surge in the previous session, with Delta Electronics falling 2.3%, while Hon Hai Precision Industry declined 2.1%, after rising 0.9% and 2.2%, respectively, a day earlier.

Meanwhile, TSMC, the world's largest contract chipmaker and a company accounting for more than 40% of the market's total value, edged up 0.2%, easing sharply from a 3.1% surge in the previous session.

Meanwhile, producer manufacturing stocks plunged 3.3%, mainly weighed down by Elite Material (-3.9%) and King Slide Works (-2.9%).



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TAIEX Pulls Back from Record High on Profit-Taking
The TAIEX, Taiwan’s benchmark stock index, dropped 170 points, or 0.4%, to 47,571 in Tuesday morning trading, snapping a six-session winning streak, as traders took profits after the index hit a record high a day earlier. The broader market retreated from a fresh high of 47,571 reached on Monday, surpassing the 47,000 level for the first time, mainly weighed down by electronic technology, manufacturing, and technology services stocks. Electronic technology stocks fell 1.1%, reversing a 3.1% surge in the previous session, with Delta Electronics falling 2.3%, while Hon Hai Precision Industry declined 2.1%, after rising 0.9% and 2.2%, respectively, a day earlier. Meanwhile, TSMC, the world's largest contract chipmaker and a company accounting for more than 40% of the market's total value, edged up 0.2%, easing sharply from a 3.1% surge in the previous session. Meanwhile, producer manufacturing stocks plunged 3.3%, mainly weighed down by Elite Material (-3.9%) and King Slide Works (-2.9%).
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