Taiwan Stocks Hit Record High Before Plunging 620 Points to Close at 43,636

Following renewed conflict between the US and Iran, with Iran targeting US military bases in retaliation for US airstrikes, stock markets in Japan and South Korea plummeted. The Taiwan stock market initially surged to a record high of 44,954 points in the morning before heavy selling pressure emerged, leading to a volatility range of 1,717 points. The index closed at 43,636.44 points, down 620.36 points, with a massive trading volume of 1.59 trillion TWD. TSMC, the market leader, hit a record high of 2,360 TWD in the morning, up 2.6%, with its market cap reaching 61.2 trillion TWD. However, it reversed gains during the session and closed at 2,295 TWD, down 0.22%.