Taiwan Stock Market Plunges Over 900 Points, Breaching 46,000 Amid Broad Sell-Off in Tech, Finance, and Traditional Sectors

On the 11th, both Japanese and South Korean stock markets plunged over 2%, dragging down Taiwan's market, which faced significant selling pressure. Electronics, finance, and traditional sectors weakened broadly, opening lower and continuing to decline, dropping more than 900 points. The index hit a low of 45,997, breaking below the 46,000 threshold and testing support at the monthly moving average line. Trading volume was approximately NT$720 billion, slightly lower than the previous day.

Heavyweight stocks turned deeply red. TSMC (2330-TW, TSM-US) fell to NT$2,410, down nearly 2%, breaking below the monthly line. MediaTek (2454-TW), Delta Electronics (2308-TW), Hon Hai (2317-TW), ASE Holding (3711-TW, ASX-US), and UMC (2303-TW, UMC-US) all traded lower, with declines ranging from 1% to 7%.

Financial and traditional sector giants were also hit. Fubon Financial (2881-TW) and Cathay Financial (2882-TW) both fell over 2%, while Nan Ya Plastics (1303-TW), the market cap leader in traditional industries, dropped 3%, weighing heavily on the broader market.

Decliners vastly outnumbered gainers today. Across listed and OTC markets, 1,345 stocks fell versus only 321 that rose. Previously strong sectors pulled back sharply, with optical communication stocks including LIGANG (4903-TW), Global Unichip (4991-TW), IET-KY (4971-TW), Powerlink (6442-TW), and Chia Chi (6715-TW) falling at least 50% from their peaks.