TAIPEI (TVBS News) — Dragged down by declines in major U.S. indices, Taiwan's stock market opened lower on Wednesday (Dec. 11). The benchmark index started at 23,108.36 points, dropping 16.72 points, and briefly fell more than 200 points to a low of 22,888 points early in the session.
TSMC (台積電) opened at NT$1,045, down NT$20. Other tech stocks followed suit, with MediaTek (聯發科) falling 1.8%, and Hon Hai (鴻海) and ASE Technology (日月光投控) each dropping over 1%. AI concept stocks such as Quanta (廣達) experienced slight declines, while Wistron (緯創) fell more than 1.7%. Wiwynn (緯穎) managed to hold steady.
However, shipping stocks provided a glimmer of hope. The sector's big three opened higher, with Wan Hai (萬海) rising 0.59% to NT$85, Evergreen (長榮) increasing 0.65% to NT$232.5, and Yang Ming (陽明) climbing 0.87% to NT$81.2. These gains contrast with the tech sector's struggles.
U.S. markets closed lower on Tuesday, with Nvidia affected by Chinese antitrust actions, causing its stock to drop over 2% and impacting other AI-related stocks. TSMC's ADR fell more than 4%. Oracle's disappointing earnings and forecasts further dampened enthusiasm for cloud stocks, leading to a 7% drop in its shares after hours.
