Taiwan stock market dips amid U.S. stock impact

記者 TVBS News Staff 報導

2024/08/29 09:57
Taiwan shares open down 234 points (TVBS News)

TAIPEI (TVBS News) — Taiwan's stock market opened down 234 points to 22,136 on Thursday (Aug. 29) due to the impact of U.S. stocks. Early trading saw a drop of over 300 points before the decline narrowed, holding the 22,000 mark. Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) shares plunged 24 points to 940.

On Aug. 28, major U.S. indices closed lower. The Dow Jones fell 159.08 points, and the Nasdaq dropped 198.79 points. NVIDIA (輝達) closed down 2.1% to US$125.61 per share. After announcing its earnings, NVIDIA shares initially rose over 2% post-market but then fell over 8%.

 


NVIDIA reported record second-quarter revenue of US$30.04 billion, up 15% from the previous quarter and 122% year-over-year. However, its guidance for third-quarter revenue did not meet the highest market expectations, with a growth cap of 83%.

Addressing previous reports of production challenges for its Blackwell chips, NVIDIA acknowledged difficulties but stated it had made adjustments to improve yield rates. The company expects its current Hopper product line to continue growing, with Blackwell projected to accelerate production in the fourth quarter, potentially contributing billions in revenue.

AI-related stocks, including Gigabyte (技嘉) and Wistron (緯創), mostly declined early Thursday. Hon Hai (鴻海) fell 5 points to 181, while MediaTek (聯發科) dropped 20 points to 1,180. The electronics sector index fell 1.92%, making it the weakest performer.

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更新時間:2024/08/29 09:58