TAIPEI (TVBS News) — Taiwan's stock market experienced a downturn on Thursday (Nov. 14) as it fell 39.19 points to close at 22,821.04. Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) saw its opening price drop by NT$5 to NT$1,030.
Concerns over semiconductor bans following Donald Trump's U.S. presidential election victory have contributed to market volatility, leading to mixed performances in electronic stocks.
Market analysts noted fluctuations among electronic stocks, with UMC (聯電) declining 0.98% to NT$45.35, MediaTek (聯發科) remaining flat at NT$1,255, Hon Hai Precision Industry Co. (鴻海) dropping NT$0.5 to NT$214, and Wistron (緯創) decreasing NT$0.5 to NT$120.5.
The overall consumer price index (CPI) in the U.S. rose 2.6% in October compared to the previous year, aligning with expectations. This led to mixed results in U.S. markets on Wednesday, with the Philadelphia Semiconductor Index decreasing 2%.
In the U.S. market, the Dow Jones Industrial Average increased by 47.21 points, or 0.11%, closing at 43,958.19. Meanwhile, the Nasdaq Composite dropped 50.68 points, or 0.26%, to 19,230.72, and the S&P 500 inched up 1.39 points, or 0.0%, to 5,985.38. The Philadelphia Semiconductor Index fell 102.34 points, or 2.00%, to end at 5,006.29.
