Taiwan Stock Market: Failed Recovery to Monthly Line, TSMC Falls Over 2%, Index Drops 379 Points to Close at 45,354

Taiwan's stock market on July 9 saw memory, IC substrate, and passive component stocks supporting the rally, briefly pushing the index above 46,000 points and the monthly line during morning trading. However, the market failed to sustain gains as heavyweight TSMC (2330-TW) plunged 2.03%, dragging the broader market down. The main index closed 379.8 points lower at 45,354.61, with market turnover further shrinking to NT$944.34 billion. Electronics stocks fell 0.75%, still accounting for a high 80.4% of total trading volume.

Additionally, the market faced strong selling pressure of NT$52.92 billion in the final session, dragging the index down by 153.86 points and widening the day's losses.

On the same day, Taipei's foreign exchange market remained weak. The New Taiwan dollar closed at NT$32.136 per US dollar at noon, depreciating by 1.04 cents, with transaction volume at US$1.19 billion.

The Taiwan stock index opened at 45,805.62, but faced heavy selling pressure, fluctuating and turning negative. The index ranged from a low of 43,352.41 to a high of 46,064.06. It closed down 379.8 points at 45,354.61, with turnover shrinking to NT$944.34 billion.

Senior securities analyst Jane Chien noted that the集中 market has recently seen shrinking trading volume. With Typhoon Bavi approaching, investors have become cautious, hesitant to buy or hold positions. She expects the market to remain volatile in the near term but emphasized the importance of monitoring whether trading volume can expand.

Today's strong sectors included semiconductor, passive components, and memory stocks. TSMC closed down NT$50 at NT$2,415. MediaTek (2454-TW) fell NT$70 to close at NT$3,925. Yageo (2327-TW) ended at NT$900, up NT$9. Hon Hai (2317-TW) closed flat at NT$237.5.

Memory stock Nanya Technology (2408-TW) hit the daily limit at NT$435.5, with trading volume expanding to 83,300 lots.

IC substrate stocks surged collectively. Unimicron (3037-TW), Nan Ya PCB (8046-TW), Compeq (3189-TW), and Zhen Ding-KY (4958-TW) all rose strongly, with Nan Ya PCB closing at the daily limit of NT$1,215.