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Taiwan Stocks Plunge 960 Points as TSMC and Tech Peers Track US Sell-off
Electronic Technology · Semiconductors · economic_daily · 2026-10-13
Taiwan's benchmark index tumbled over 960 points to close at 48,341.31 as weakness in the Philadelphia Semiconductor Index triggered a broad sell-off in local tech giants.
What Happened
US Market Impact: Following a four-day losing streak in the Philadelphia Semiconductor Index, which fell another 2.67%, Asian markets faced significant downward pressure today. The Taiwan Stock Exchange mirrored this sentiment, testing the 48,000-point level during intraday trading.
Heavyweight Performance: Major market leaders saw substantial declines, with TSMC dropping 50 TWD to close at 2,490 TWD. MediaTek and Delta Electronics also faced heavy selling, falling 2.16% and 6.58% respectively, weighing heavily on the index.
Trading Volume: The market recorded a massive turnover of 1.125 trillion TWD, reflecting heightened volatility and intense selling pressure as investors reacted to the global tech sector downturn.
Market Closing: The TAIEX finished the session down 960.65 points at 48,341.31. The broad market decline underscores a cautious outlook as investors monitor global macroeconomic headwinds.