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Taiwan Stocks Plunge Over 450 Points as TSMC Slips Below 5-Day Moving Average
Electronic Technology · Semiconductors · economic_daily · 2026-09-10
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Taiwan's stock market faced significant selling pressure, dropping over 450 points intraday as TSMC weakened, while financial stocks stepped in to provide support.
What Happened
Market Performance: The Taiwan stock market opened lower and faced heavy selling pressure, with the index plunging more than 450 points during the session. The market failed to hold the 47,000-point level and slipped below its 5-day moving average amid broader regional volatility.
Weighty Stocks: Among major tech heavyweights, TSMC, MediaTek, Delta Electronics, and Hon Hai all saw declines, with TSMC notably falling below its short-term support line. ASE Technology stood out as a rare bright spot among the major tech constituents.
Sector Rotation: Financial, paper, and shipping sectors emerged as key defensive pillars, helping to mitigate the overall market decline. Conversely, electronic components and optoelectronics sectors faced significant selling pressure as investors rotated out of tech.
Analyst Outlook: Analysts suggest that the market is grappling with technical resistance and macroeconomic uncertainties, including Fed policy and geopolitical tensions. Investors are advised to remain cautious and focus on AI-related fundamentals, such as advanced packaging and thermal management, during market pullbacks.