TAIPEI (TVBS News) — Taiwan's stock market closed down 42.57 points at 23,340.56 Monday (July 21), as uncertainty over ongoing tariff negotiations fueled widespread investor caution across sectors. Taiwan Semiconductor Manufacturing Company Ltd. (TSMC, 台積電) saw shares dip by NT$5 (around US$0.17), closing at NT$1,150 (around US$39.03), marking a 0.43% decline. The semiconductor giant's performance reflected broader market concerns about trade tensions affecting Taiwan's export-dependent economy.
The electronic sector registered a 0.21% drop, financial stocks fell by 0.73%, and the over-the-counter index decreased by 0.3% in Monday's trading session. Some sectors experienced notable gains amid the broader market decline across Taiwan's major indices. EZconn Corporation (光聖) hit the daily price limit, closing at NT$541 (around US$18.36), driven by strong demand in the optical communication sector. The company's surge highlighted investor interest in telecommunications infrastructure amid global connectivity expansion.
Mitac Holdings Corporation (神達, Mitac) saw shares rise over 5%, reflecting robust performance of AI servers and related components in the technology sector. KYE Systems Corp (昆盈) surged more than 6% as investors showed growing interest in robotics concept stocks amid automation trends. An investment advisor noted that cautious market sentiment persists amid ongoing tariff talks initiated by Trump. Taiwan's stock index has rebounded from April 9's low of 17,306 points and now stands above all moving averages. ◼ (At time of reporting, US$1 equals approximately NT$29.47)
