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TSMC Drags Taiwan Stocks Below 45,000 Mark Amid Market Volatility
Electronic Technology · Semiconductors · economic_daily · 2026-11-02
Taiwan stocks fell 291 points to close at 44,920 as TSMC hit a multi-month low, though strong performance in traditional industries and PCB stocks provided some support.
What Happened
Market Performance: Taiwan stocks faced significant selling pressure today, tracking a sharp decline in U.S. semiconductor shares. The index dropped 291.69 points to close at 44,920.14, breaking below the 45,000-point psychological threshold despite a late-session recovery that left a long lower shadow on the candlestick chart.
Key Stock Movements: TSMC remained under pressure throughout the session, falling 1.69% to 2,330 TWD, its lowest level since late July. Conversely, MediaTek and Delta Electronics showed resilience, managing to close in positive territory despite early morning volatility.
Sector Rotation: Investors shifted capital toward traditional industries and the PCB sector to mitigate risk. The Formosa Plastics Group saw gains across the board, while PCB manufacturers like Tong Hsing Electronic Industries hit the daily limit, signaling a rotation into defensive and niche sectors.
Expert Outlook: Analysts suggest that ongoing uncertainty surrounding U.S. earnings and geopolitical tensions will likely keep market volatility high. Investors are advised to maintain a balanced portfolio and remain cautious, as the weakness in heavyweights like TSMC continues to weigh on the broader index.