TAIEX Retreats from 4-Week High

2026-08-11 02:34 By Chusnul Chotimah 1 min. read

The TAIEX, Taiwan’s benchmark stock index, fell 233 points, or 0.5%, to 44,695 in Tuesday morning trade, erasing gains from the previous session and tracking a decline on Wall Street overnight as rising oil prices raised questions about the Fed's monetary policy decision at its upcoming meeting.

The broader index moved down from its highest level since July 16, touched a day earlier, mainly weighed down by losses in electronic technology, finance, process industries, and technology services.

Traders also awaited the release of US inflation data due this week for clues about the Fed's monetary policy decision at its upcoming meeting.

Electronic technology stocks fell 0.6%, reversing a 2.1% gain in the previous session, with MediaTek declining 0.9%, while Delta Electronics and Hon Hai Precision shed 0.3% and 1.1%, respectively.

However, TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, rose 0.2%, following a 0.4% rise on Monday.



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TAIEX Retreats from 4-Week High
The TAIEX, Taiwan’s benchmark stock index, fell 233 points, or 0.5%, to 44,695 in Tuesday morning trade, erasing gains from the previous session and tracking a decline on Wall Street overnight as rising oil prices raised questions about the Fed's monetary policy decision at its upcoming meeting. The broader index moved down from its highest level since July 16, touched a day earlier, mainly weighed down by losses in electronic technology, finance, process industries, and technology services. Traders also awaited the release of US inflation data due this week for clues about the Fed's monetary policy decision at its upcoming meeting. Electronic technology stocks fell 0.6%, reversing a 2.1% gain in the previous session, with MediaTek declining 0.9%, while Delta Electronics and Hon Hai Precision shed 0.3% and 1.1%, respectively. However, TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, rose 0.2%, following a 0.4% rise on Monday.
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The TAIEX, Taiwan’s benchmark stock index, advanced 933 points, or 2.1%, to 45,159 in Monday morning trade, erasing losses from the previous two sessions and tracking a rally on Wall Street on Friday after weaker-than-expected jobs data eased concerns over Fed rate hikes at the upcoming meeting. The broader index hit its highest level since July 16 after consolidating in the previous session amid concerns over massive spending on AI. The increase was mainly driven by electronic technology stocks, which rose 2.7%. TSMC, the world's largest contract chipmaker, which accounts for more than 40% of the market's total value, climbed 1.1%, while MediaTek rose 1.3%, and Delta Electronics surged 10.0%. However, rising oil prices limited the gains, as concerns over inflation raised expectations of interest rate hikes. Traders also anticipated the release of US inflation data due this week for clues about the Fed's monetary policy decision at its upcoming meeting.
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