TSMC Holds Monthly Line; Intraday Odd‑Lot Trades Hit NT$17.346 Billion, Top in Taiwan Stocks

(Central News Agency reporter Chang Chien‑chung, Taipei, 8th) Taiwan's stock market fell sharply by 1,568.16 points today, closing at 43,502.78. TSMC dropped NT$70 to close at NT$2,295 but held the monthly moving average. Retail investors seized the opportunity to buy TSMC during the intraday sell‑off, and odd‑lot trading activity heated up. According to statistics, TSMC's intraday odd‑lot trading amount reached NT$17.346 billion, ranking first among Taiwan stocks.

U.S. technology stocks, which had risen earlier, retraced, and the market is worried that the Federal Reserve (Fed) may raise rates. On the 5th, U.S. equities plunged: the Dow Industrial Average fell 695.15 points, the Nasdaq fell 1,121.53 points, and the Philadelphia Semiconductor Index plunged 1,396.733 points, a drop exceeding 10%.

TSMC's American depositary receipts (ADRs) fell US$29.75 last Friday, a decline of 6.69%. TSMC gapped down at the open today, dropping NT$135 to NT$2,230—marking a record intraday decline in absolute terms. However, as buyers stepped in at lower prices, the slide narrowed and shares briefly rose to NT$2,320. The stock closed at NT$2,295, holding the monthly line, down NT$70, and the market capitalization fell to NT$59.51 trillion.

Analyst Jian Bo‑yi said that strong demand for artificial intelligence (AI) makes TSMC's operating outlook optimistic. At the shareholders' meeting, TSMC chairman and CEO C. C. Wei told shareholders that if they planned to buy stock, "please continue," prompting retail investors to take the chance to buy TSMC.

TSMC's odd‑lot trading was very active today. Statistics show that intraday odd‑lot trading in TSMC reached NT$17.346 billion, up 19.3% compared with June 5, ranking first among Taiwan stocks.

Other heavyweight semiconductor stocks such as MediaTek and ASE Technology Holding also opened lower and then recovered, narrowing losses. MediaTek briefly fell below the NT$4,000 level to NT$3,935 but closed at NT$4,070, down NT$230. ASE opened at the lower trading limit and hit NT$520, but closed at NT$540, down NT$37.

Memory sector stocks also largely opened lower and closed higher; more than ten issues hit the lower limit during trading but all had their limits lifted by the close, narrowing declines. InnoDisk (Yiding) even turned from negative to positive, closing at NT$1,810, up NT$55.

The semiconductor index plunged to as low as 1,431.56 in early trading, down 5.91%, but the decline narrowed by the close and it finished at 1,465.62, down 3.67%.

Huang Guowei, deputy general manager at Mega International Investment Services, said that after the AI group drove the index sharply higher, this is a technical/positioning correction; the AI industry's fundamentals have not changed. Once the sector digests the adjustment it will remain a market mainstay. TSMC is an indicator for the AI group and a key focus to observe whether the AI sector has bottomed. (Editor: Chang Liang‑zhi) 1150608