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Taiwan Stocks Plunge Over 1,800 Points; TSMC Earnings Call Seen as Key to Market Recovery

Electronic Technology · Semiconductors · economic_daily · 2026-10-15

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Taiwan's stock market suffered a sharp decline, falling over 1,800 points and breaking below the monthly moving average, with analysts urging caution until TSMC's upcoming earnings guidance provides clarity.

What Happened

Market Sell-off Intensifies: Taiwan stocks experienced a significant correction on the 15th, driven by a sharp decline in the Philadelphia Semiconductor Index. The benchmark index plummeted by over 1,800 points, breaching the monthly moving average and testing the 47,000-point support level as heavyweights like TSMC faced selling pressure.

TSMC Earnings in Focus: Investors are closely monitoring TSMC's upcoming earnings call for insights into Q4 guidance and future capital expenditure plans. Analysts emphasize that the company's ability to exceed market expectations will be the primary factor in determining whether the broader market can stabilize.

Caution Advised for Investors: Market experts suggest adopting a conservative stance as the index struggles to reclaim its monthly moving average. With the market currently trending toward the quarterly support level, analysts warn that failing to regain key technical levels in the short term could lead to further downside risk.

Macroeconomic Headwinds: Beyond company-specific news, the broader US earnings season and persistent inflationary pressures remain critical variables impacting foreign investor sentiment. These macroeconomic factors, combined with technical weakness, are expected to keep market volatility elevated in the near term.

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Electronic Technology · economic_daily · 2026-10-15

The Taiwan stock market saw a sharp decline of 3.41%, closing below the monthly moving average as investors await key guidance from TSMC.

1216, 1303, 2303, 2308, 2327, 2330, 2383, 2408, 2412, 2454, 2478, 2880, 2884, 2886, 2890, 2891, 2892, 3037, 3406, 3711, 6209, 6278, 6446