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November 6 Financial Briefing: Five Key Market Developments
Electronic Technology · Semiconductors · economic_daily · 2026-11-05
A roundup of five essential financial stories, including the impact of U.S. elections on Asian markets, record foreign capital outflows, and major semiconductor investment updates.
What Happened
Market Volatility and Election Impact: The U.S. midterm election results have sparked concerns over infrastructure policy, triggering a sell-off in Asian chip stocks and significant declines in the PHLX Semiconductor and Nasdaq indices. Investors are pivoting toward automotive and consumer goods sectors as they adjust to the shifting political landscape.
Foreign Capital and Reserves: Central bank data reveals a record-breaking $28 billion in net foreign capital outflows for October. To maintain market stability, the central bank intervened, causing foreign exchange reserves to drop for the second consecutive month and fall below the $600 billion threshold.
ASE Expansion Plans: Semiconductor packaging and testing giant ASE has announced a massive NT$123.7 billion investment to expand its advanced capacity in Nanzi and the Southern Taiwan Science Park. This project, the largest of its kind, is expected to create over 3,500 local jobs.
Micron Investment Uncertainty: Micron Technology has reportedly suspended construction on its Fab 11E facility in Taoyuan due to ongoing labor disputes, casting doubt on its NT$148.5 billion expansion plan. The Ministry of Economic Affairs is currently mediating the situation to help resolve the impasse.