Taiwan Stock Market Plummets by 288 Points! Shipping Stocks Hit Hard, Container Giants Decline

The Taiwan stock market closed down 288.83 points today, ending at 19106.2 points, a decrease of 1.49%. Uncertainties surrounding U.S. tariffs continue to impact the market, leading to a lower open and significant selling pressure on major stocks, particularly with TSMC taking the lead in losses.
TSMC (2330) opened down 6 TWD at 844 TWD, hitting a low of 832 TWD during the session, and closed at 835 TWD, a drop of 1.76%. Other major stocks like Hon Hai (2317) were up by 1 TWD, while MediaTek (2454) fell by 20 TWD, and Quanta (2382) rose by 1.5 TWD. Overall trading volume remained low at 207.66 billion TWD.
Today, all industries experienced declines, with steel stocks suffering the most, down 2.97%. Other sectors like digital cloud, shipping, and electrical equipment also saw declines of over 2%. Conversely, funds flowed into small-cap stocks, with gaming stock 'Chili' (4946) soaring to a limit-up price of 142 TWD, marking a new high in 13 years.
Due to the oscillation of the U.S. counterpart tariff policy, the rush for container shipping fell flat, leading to widespread declines among related sectors. The three major container carriers all saw losses, with Evergreen (2603) down 2.89%, Yang Ming (2609) down 3.05%, and Wan Hai (2615) also facing significant drops, while Zhonggui (2613) hit the daily limit down at 28.45 TWD.