Taiwan Stocks Fall Below 19,000 Mark, Closing Down 312.77 Points; TSMC Drops to 816 NT$

Today, the Taiwan stock market opened lower and quickly fell below the 19,000 mark, starting at 18,990.86 points and ultimately closing at 18,793.43 points, a loss of 312.77 points, or 1.64%. The trading volume reached 243.16 billion NT$.
TSMC (2330) fell by 19 NT$, closing at 816 NT$; the OTC index also dropped by 2.54 points, closing at 203.68 points.
Market analyses suggest that the U.S. President Trump's tariff war is causing turbulence in global stock markets. On April 17 and 21, Trump criticized the Federal Reserve Chairman Jerome Powell for not agreeing to immediate interest rate cuts, even suggesting the dismissal of Powell. Investors are concerned about the political interference in the Fed's independence, leading to simultaneous declines in U.S. stocks, the dollar, and U.S. bonds.
Although the floating amount of financing in the Taiwanese stock market has significantly decreased, the trading volume has clearly shrunk. In terms of sector performance, the performance of computer peripherals, other electronics, finance, information services, semiconductors, and electronic components has been relatively weak, while sectors such as plastics, digital cloud, steel, textiles, and electrical cables have shown more resilience.