Taiwan Stocks Plunge Over 500 Points at Open on Rising Middle East Tensions
Taiwan stocks opened sharply lower on June 4, falling over 500 points at one point, as escalating Middle East tensions, a rebound in oil prices, and a pullback in US markets triggered profit-taking after four consecutive record closes. Major weighted stocks like TSMC, Delta Electronics, and Hon Hai fell, while MediaTek bucked the trend. Analysts noted that COMPUTEX shows AI is moving from cloud computing to real-world applications, creating a 'tangible tech dividend' and maintaining a long-term bullish view on the market.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 10:16
- 🔍 Collected: June 4, 2026 at 10:30 (14 min after Published)
- 🤖 AI Analyzed: June 6, 2026 at 16:18 (53h 48m after Collected)
(Central News Agency reporter Zeng Renkai, Taipei, June 4) Escalating tensions in the Middle East, a rebound in oil prices, and a retreat in US stocks from recent highs led Taiwan's stock market to open lower on Thursday, after closing at record highs for four consecutive trading sessions. The market fell over 500 points in early trading, testing the 46,000-point level. As of 9:05 a.m., the Taiex, the benchmark weighted index, fell 467.21 points to 45,991.95 points. The over-the-counter index, representing small and mid-cap stocks, also opened lower. Among the four major weighted stocks, TSMC fell by as much as NT$40 to NT$2,385; MediaTek rose by as much as NT$140 to NT$4,685; Delta Electronics fell by as much as NT$50 to NT$2,405; and Hon Hai Precision Industry fell by as much as NT$8.5 to NT$300.5. Analysts said the trends on display at this week's COMPUTEX Taipei trade show indicate that AI is moving from a technology race centered on cloud computing to a new phase of comprehensive real-world application, embedding itself into daily industrial operations and forming a cross-industry, cross-market 'tangible tech dividend.' They remain bullish on the long-term outlook for the Taiwan stock market. (Editor: Lin Jiaxian) 1150604