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Iran Launches Attack, Causing Global Stock Market Crash! Will Taiwan's Stock Market Hold Up at Opening?

Iran Launches Attack, Causing Global Stock Market Crash! Will Taiwan's Stock Market Hold Up at Opening?

Following Iran's missile strikes on Israel, geopolitical risks have surged, leading to a significant decline in global stock markets. Major US indices fell sharply, with the Dow Jones plunging 769 points and the Philadelphia semiconductor index dropping over 2.6%. Despite this, Taiwan's futures market unexpectedly rose by 51 points, indicating a cautious market awaiting opening impacts.

The US stock markets closed in the red on Friday, affected by the dual strains of war implications and economic data, with the Dow dropping 1.79% and the Nasdaq falling 255.65 points. The missile launch intensified already tense Middle Eastern conditions, escalating risk-averse sentiments and boosting gold prices significantly, while Brent crude oil futures rose 7%. In futures trading, Taiwan's index futures posted gains, reflecting market bets on a technical rebound.

Although a conservative mood prevails in the market, caution regarding tech stock corrections remains. Investors should keep an eye on Taiwan Semiconductor and other weighted stocks after the market opens today, as their performance will be key to whether a rebound can occur.