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Taiwan Stocks Plunge 784 Points as TSMC Leads Market Decline
Electronic Technology · Semiconductors · economic_daily · 2026-09-02
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Taiwan stocks fell 784 points to close at 46,164.72 on Friday, pressured by geopolitical tensions and weakness in major tech stocks like TSMC.
What Happened
Market Performance: The Taiwan Stock Exchange experienced a sharp decline on the 2nd, dropping 784 points to close at 46,164.72 with a trading volume of 918.4 billion TWD. Investor sentiment was dampened by rising tensions in the Middle East and a negative lead from U.S. markets.
Key Stock Movements: TSMC shares fell 2.25% to 2,385 TWD, single-handedly dragging the index down by approximately 440 points. Other major components, including Delta Electronics and ASE Technology, also faced significant selling pressure, further contributing to the overall market downturn.
Expert Outlook: Fund manager Chen Si-ming noted that while U.S. economic risks persist, the AI supply chain remains the primary driver for the Taiwan market. Strong growth in ICT export orders is expected to offset potential weaknesses in North American consumer demand.
Monetary Policy: Market participants are closely watching the upcoming September FOMC meeting, with expectations leaning toward a rate hold. Active intervention by the U.S. Treasury in the bond market is expected to mitigate volatility, limiting the policy impact on equities.