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Taiwan Stocks Plunge 1,612 Points as CPO Shares Face Heavy Selling
Electronic Technology · Semiconductors · economic_daily · 2026-11-03
Taiwan's stock market suffered a major sell-off, dropping 1,612 points to close at 43,307, with CPO-related stocks leading the decline while cybersecurity shares bucked the trend.
What Happened
Market Sell-off: The Taiwan stock market experienced a significant downturn today, shedding 1,612.60 points to close at 43,307.54, marking a 3.59% decline. Trading volume reached NT$928.06 billion as over a thousand stocks closed in the red, signaling widespread investor panic.
Sector Performance: The CPO (Co-Packaged Optics) sector faced intense selling pressure, with multiple stocks hitting their daily limit down. Conversely, cybersecurity-related stocks saw gains following recent global crypto security concerns, while the petrochemical sector also experienced sharp declines.
Heavyweight Impact: Major tech stocks were hit hard, with TSMC falling 1.5%, Hon Hai down 2.19%, and MediaTek dropping 7.43%. The broader market sentiment was further dampened by a 6.42% decline in the OTC index, reflecting weakness across both large and small-cap stocks.
Market Outlook: Analyst Wang Chao-li suggests that the current volatility is largely driven by pre-election uncertainty ahead of the U.S. midterm elections. He believes that the market is likely experiencing peak panic and that short-term negative factors regarding AI and cloud companies are already being priced in.