Taiwan Stocks Plunge 781 Points as Heavyweights Fall; TAIEX Closes at 45,677.46
Taiwan stocks fell sharply on June 4, with the TAIEX dropping 781.70 points to close at its session low of 45,677.46. The selloff was triggered by escalating Middle East tensions and a pullback on Wall Street. TSMC fell after its shareholder meeting, while financial and heavy electrical stocks gained.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 15:19
- 🔍 Collected: June 4, 2026 at 15:34 (15 min after Published)
- 🤖 AI Analyzed: June 6, 2026 at 15:58 (48h 24m after Collected)
(Central News Agency, reporter Tseng Jen-kai, Taipei, June 4) Amid renewed tensions in the Middle East and a rebound in oil prices, major US stock indexes retreated from record highs on June 3. Following four consecutive days of hitting new highs, the Taiwan stock market pulled back on June 4. The TAIEX closed down 781.70 points at its session low of 45,677.46 points, with turnover reaching approximately NT$1.2388 trillion.
TSMC held its shareholder meeting today. Chairman C.C. Wei stated that the company's prospects for the next few years are very good. However, the positive news failed to lift the stock, which closed down NT$40, or 1.65%, at its session low of NT$2,385.
MediaTek opened higher but closed lower, falling NT$115, or 2.53%, to NT$4,430. Delta Electronics fell NT$30, or 1.22%, to NT$2,425. Hon Hai Precision Industry dropped NT$16, or 5.18%, to NT$293, falling below the NT$300 mark.
The heavy electrical equipment sector bucked the trend, with Shihlin Electric and Allis Electric hitting their daily price limits. Fortune Electric turned lower in the final trading session.
KGI Financial surged NT$1.7, or 6.61%, to NT$27.4. Hua Nan Financial and Cathay Financial both closed with gains of over 2%.
Tseng Yenyu, Vice President of the Research Department at Capital Investment, analyzed that the recent rally, driven by the COMPUTEX Taipei trade show, had pushed the market's deviation from its moving average to a record high. He suggested that with the trade show concluding, the AI narrative might take a breather. He also noted that after a decline in March, the market rallied sharply in April and May to new highs, and investors should watch for a potential 'Dragon Boat Festival reversal' in June.
Tseng believes that capital remains in the market seeking opportunities. While the broader market pulled back and AI stocks consolidated, the strength in financial stocks indicates a healthy sector rotation, which could help support the market. (Editor: Chang Chunmao)
TSMC held its shareholder meeting today. Chairman C.C. Wei stated that the company's prospects for the next few years are very good. However, the positive news failed to lift the stock, which closed down NT$40, or 1.65%, at its session low of NT$2,385.
MediaTek opened higher but closed lower, falling NT$115, or 2.53%, to NT$4,430. Delta Electronics fell NT$30, or 1.22%, to NT$2,425. Hon Hai Precision Industry dropped NT$16, or 5.18%, to NT$293, falling below the NT$300 mark.
The heavy electrical equipment sector bucked the trend, with Shihlin Electric and Allis Electric hitting their daily price limits. Fortune Electric turned lower in the final trading session.
KGI Financial surged NT$1.7, or 6.61%, to NT$27.4. Hua Nan Financial and Cathay Financial both closed with gains of over 2%.
Tseng Yenyu, Vice President of the Research Department at Capital Investment, analyzed that the recent rally, driven by the COMPUTEX Taipei trade show, had pushed the market's deviation from its moving average to a record high. He suggested that with the trade show concluding, the AI narrative might take a breather. He also noted that after a decline in March, the market rallied sharply in April and May to new highs, and investors should watch for a potential 'Dragon Boat Festival reversal' in June.
Tseng believes that capital remains in the market seeking opportunities. While the broader market pulled back and AI stocks consolidated, the strength in financial stocks indicates a healthy sector rotation, which could help support the market. (Editor: Chang Chunmao)