New Taiwan Dollar Surge Causes TAIEX Drop of 254 Points, Electronics and Financial Stocks Decline

The TAIEX closed at 20532.99 points today, down 254.65 points. Last week, the U.S. stock market saw all major indices rise, while the TAIEX started at 20839.04 points this morning. The surge of the New Taiwan Dollar exerted pressure on export-driven electronic stocks, causing TSMC to drop by 12 NT dollars.
The weighted index ultimately settled at 20532.99 points, recording a decline of 1.23% with a trading volume of NT$387.2 billion. TSMC’s ADR rose 3.8% on the previous trading day, closing at $172.28. TSMC (2330) reached an intraday high of 957 NT dollars, gaining 7 NT dollars in the morning but then turned negative, ultimately ending at 938 NT dollars, down 1.26%. Major weighted stocks showed weakness, with Hon Hai (2317) closing at 142.5 NT dollars, down 5 NT dollars.
In the financial sector, Fubon Financial (2881) closed at 80 NT dollars, down 5 NT dollars, with Cathay Financial (2882) at 54.7 NT dollars, down 4 NT dollars, and CTBC (2891) at 39.3 NT dollars, down 0.95 NT dollars. In terms of industries, energy stocks saw the strongest performance, up 4.85%, while the leisure sports sector suffered the most, down 4.42%.
Today’s top gainers included Yihua (1456), Taifong (2102), Fushou (1219), Jincheng (2524), and Taiwan Tigerair (6757), while the biggest losers were期街口布蘭特正2(00715L)、安馳(3528)、穎漢(4562)、迅得(6438)、達運光電(5388)。