TAIEX Closes at Over-2-Month Low on Tech Weakness

2026-07-29 06:58 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan's benchmark stock index, plunged 1,564 points, or 3.8%, to close at 40,039 on Wednesday, down for the fourth consecutive session and marking its lowest level since May 20, as a global selloff in chipmakers continued to weigh on technology heavyweights.

Growing concerns over revenue amid heavy AI investments weighed on sentiment after the Philadelphia Semiconductor Index shed 4.5% overnight.

The broader index tracked losses in US stock futures ahead of the Fed's monetary policy decision amid rising oil prices due to the escalating conflict in the Middle East.

Electronic technology stocks slumped 4.5%, after falling 5.3% in the previous session, with TSMC, the world's largest contract chipmaker, accounting for more than 40% of the market's total value, declining 2.2% following a 3.0% drop a day earlier.

Meanwhile, ASE Technology Holding, Delta Electronics, and MediaTek slumped 9.9%, 7.9%, and 7.5%, respectively.



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TAIEX Closes at Over-2-Month Low on Tech Weakness
The TAIEX, Taiwan's benchmark stock index, plunged 1,564 points, or 3.8%, to close at 40,039 on Wednesday, down for the fourth consecutive session and marking its lowest level since May 20, as a global selloff in chipmakers continued to weigh on technology heavyweights. Growing concerns over revenue amid heavy AI investments weighed on sentiment after the Philadelphia Semiconductor Index shed 4.5% overnight. The broader index tracked losses in US stock futures ahead of the Fed's monetary policy decision amid rising oil prices due to the escalating conflict in the Middle East. Electronic technology stocks slumped 4.5%, after falling 5.3% in the previous session, with TSMC, the world's largest contract chipmaker, accounting for more than 40% of the market's total value, declining 2.2% following a 3.0% drop a day earlier. Meanwhile, ASE Technology Holding, Delta Electronics, and MediaTek slumped 9.9%, 7.9%, and 7.5%, respectively.
2026-07-29
TAIEX Extends Slide, Stays at Over 2-Month Low
The TAIEX, Taiwan's benchmark stock index, slumped 1,397 points, or 3.74%, to 40,206 in Wednesday morning deals, down for the fourth consecutive session and marking its lowest level since May 20, as a global selloff in chipmakers continued to weigh on technology heavyweights. Electronic technology stocks plunged 4.2%, after slumping 5.3% in the previous session, with TSMC, the world's largest contract chipmaker, accounting for more than 40% of the market's total value, falling 2.4% following a 3.0% drop a day earlier. Meanwhile, Delta Electronics and MediaTek plunged 7.6% and 7.5%, respectively. Among the major memory chip suppliers, Nanya Technology Corp. and Winbond Electronics Corp. plunged 9.9% and 9.7%, respectively. However, traders awaited the Fed's interest rate decision later today amid rising oil prices due to the escalating conflict in the Middle East.
2026-07-29
TAIEX Slumps 4.7%, Ends at Over 2-Month Low
The TAIEX, Taiwan’s benchmark stock index, plunged 2,031 points, or 4.7%, to 41,603 on Tuesday, retreating for the third consecutive session and marking its lowest level since May 21, as a global selloff in chipmakers weighed on technology heavyweights. Reports that a Chinese state-backed firm began producing immersion DUV lithography equipment and the debut of ChangXin Memory Technologies (CXMT) further pressured sentiment. Electronic technology slumped 5.3%, with TSMC, the world's largest contract chipmaker, accounting for more than 40% of the market's total value, falling 3.0% after being flat in the previous session. Meanwhile, Delta Electronics and MediaTek plunged 10.0% and 9.9%, respectively. Among the major memory chip suppliers, Nanya Technology Corp. and Winbond Electronics Corp. each plunged 10.0%. On the data front, Taiwan's consumer confidence weakened in July from June's four-month high.
2026-07-28