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Taiwan Stocks Slip Below 47,000 as Apple Product Launch Fails to Ignite Market
Electronic Technology · Semiconductors · economic_daily · 2026-09-10
Taiwan's stock market fell 242 points to close at 46,940, breaking below the 47,000 mark as investors reacted cautiously to Apple's latest hardware lineup.
What Happened
Market Performance: The Taiwan Stock Exchange index retreated by 242.87 points to close at 46,940.49, falling below both the 5-day moving average and the 47,000 psychological support level. Trading volume contracted significantly to NT$713.97 billion, reflecting a cautious sentiment among market participants.
Tech Sector Impact: Apple's unveiling of the iPhone Duo and the iPhone 18 series failed to impress investors, leading to a decline in key suppliers. Major stocks including TSMC, Hon Hai, and Largan Precision saw their share prices drop, contributing to a 0.6% decline in the overall electronics index.
Traditional Industries and High-Priced Stocks: Traditional sectors such as textiles, machinery, and shipping faced selling pressure, while the plastics sector bucked the trend with a 1.67% gain. Notably, AP Memory saw its stock price climb back above the NT$1,000 mark, bringing the total number of 'thousand-dollar' stocks in Taiwan to 49.
Analyst Perspective: Market experts attribute the weakness to rising international oil prices and climbing U.S. Treasury yields, which have dampened investor risk appetite. The market is currently trapped in a broad consolidation range, with analysts suggesting that global macroeconomic factors will continue to dictate short-term trends.