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Taiwan Stocks Plunge Over 1,000 Points as Financials Provide Defensive Buffer
Finance · Financial Conglomerates · economic_daily · 2026-11-05
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Taiwanese stocks faced a sharp sell-off today, with the index dropping over 1,000 points as investors pivoted toward defensive financial stocks like Cathay and E.Sun.
What Happened
Market Sell-off: Taiwan stocks experienced a significant decline today, shedding over 1,000 points during intraday trading following a sharp drop in the Philadelphia Semiconductor Index.
Capital Rotation: Amidst the broad correction in technology stocks, investors have shifted their capital toward the financial sector, which has emerged as a defensive haven.
Stock Performance: Financial heavyweights led the counter-trend rally, with both Cathay Financial and E.Sun Financial recording gains of over 3% during early trading sessions.
Fundamental Strength: Analysts noted that the financial sector's strong performance is supported by record-breaking profits, with listed financial holding companies reporting over NT$631.8 billion in net profit for the first nine months of the year.