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Taiwan stocks rise despite South Korea’s brief martial law

Reporter TVBS News Staff
Release time:2024/12/04 09:22
Last update time:2024/12/04 10:55
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TSMC shares climb 1.43% after opening (TVBS News) Taiwan stocks rise despite South Korea’s brief martial law
TSMC shares climb 1.43% after opening (TVBS News)

TAIPEI (TVBS News) — Taiwan's stock market opened on a high note this Wednesday (Dec. 4) with a notable rise to 23,126.08 points — an increase of 98.62 points, or 0.43%. This positive momentum persists despite South Korean President Yoon Suk Yeol's (尹錫悅) recent announcement of martial law, showcasing the resilience of Taiwan's financial landscape in the face of growing regional tensions.

Despite the alarm, Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) saw its stock rise by NT$10 to NT$1,065 after the opening, marking a 0.95% increase. Within the first minute, the stock continued its upward trajectory, climbing by NT$15 to NT$1,070, a 1.43% rise.

 

Other notable movements included Hon Hai Precision Industry Co. (鴻海) increasing by NT$1 to NT$197.5 and Quanta Computer Inc. (廣達) climbing by NT$1.5 to NT$294.5. Yang Ming Marine Transport Corp. (陽明) experienced a decline of NT$0.3 to NT$75.4, while Yuanta Taiwan Value High Dividend ETF (元大台灣價值高息) remained unchanged at NT$9.46.

In contrast, the U.S. stock market indices showed mixed results in the previous trading session. The Dow Jones Industrial Average fell by 76.47 points, or 0.17%, closing at 44,705.53 points. The S&P 500 Index rose by 2.73 points, or 0.05%, to 6,049.88 points, while the Nasdaq Composite Index increased by 76.96 points, or 0.4%, to 19,480.91 points. The Philadelphia Semiconductor Index dipped by 19.46 points, or 0.38%, closing at 5,035.86 points.

Taiwan Business

#Taiwan stock market# TSMC stock# Hon Hai Precision# Quanta Computer# Yang Ming Marine# Yuanta Taiwan ETF# U.S. stock market# Taiwan Semiconductor Manufacturing Company stock rise# South Korean martial law impact on stocks

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