US-Iran Tensions, Wall Street Falls: Investment Advisors Say Taiwan Stock Market Technicals Weaken
Renewed US-Iran tensions increased market uncertainty, causing all four major US stock indexes to fall over 1%, with TSMC ADR closing down 4.48%. Investment advisors analyzed that the Taiwan stock market closed with a bearish candle below its monthly moving average, indicating weakened short-term technicals and a need for consolidation. TSMC reported record May revenue but goes ex-dividend today.
📋 Article Processing Timeline
- 📰 Published: June 11, 2026 at 09:29
- 🔍 Collected: June 11, 2026 at 09:44 (15 min after Published)
- 🤖 AI Analyzed: June 11, 2026 at 10:06 (22 min after Collected)
(Central News Agency, reporter Wu Jiahao, Taipei, June 11) Renewed tensions between the United States and Iran have increased market uncertainty, causing all four major US stock indexes to fall by more than 1%. TSMC's American Depositary Receipts (ADRs) closed down 4.48%. Investment advisors analyzed that the Taiwan stock market closed with a bearish black candle on Wednesday on increased volume, and the closing price fell below the support of the monthly moving average. With short-term technicals weakening and market positions still needing to be digested, the broader market may require time for consolidation and to seek support in the short term.
US Secretary of Defense Pete Hegseth stated on the 10th that the US military is about to launch a "strong" and "clear" military strike against Iran, hinting that related military operations could extend into a second night.
On Wall Street on June 10, the Dow Jones Industrial Average fell 953.33 points, or 1.87%, to close at 49,918.78. The S&P 500 index dropped 119.66 points, or 1.62%, to 7,266.99. The Nasdaq Composite fell 509.32 points, or 1.98%, to 25,169.50. The Philadelphia Semiconductor Index plunged 451.35 points, or 3.57%, to 12,206.46.
On the Taiwan stock market on June 10, selling pressure emerged in technology stocks, intensifying after midday. The Taiex index closed at its intraday low of 43,225.54 points, falling below the monthly moving average of approximately 43,349 points. The drop of 1,478.90 points was the 6th largest closing point decline in history. Trading value was approximately NT$1.324 trillion.
On June 10, the three major institutional investors (foreign investors, investment trusts, and dealers) had a net sell-off of NT$117.364 billion. Foreign and Chinese investors net sold NT$93.574 billion, the 8th largest single-day net sell-off amount in history, marking a fifth consecutive session of net selling. Dealers also reduced their holdings by NT$40.551 billion. Only investment trusts were net buyers, purchasing NT$16.761 billion.
Foundry giant TSMC reported self-declared May revenue of NT$416.975 billion, a record high for monthly revenue. Its Q2 operational targets should be smoothly achieved, and it is set to post a record high for quarterly revenue. TSMC goes ex-dividend today, with a cash dividend of NT$6 per share. This will reduce its market capitalization by approximately NT$155.5 billion, accounting for about 47.84 points of the Taiex index.
Mobile phone chipmaker MediaTek reported self-declared May revenue of NT$47.434 billion, the second highest for the same period historically, second only to May 2022's NT$52.076 billion. MediaTek expects that due to cautious customer demand, its Q2 mobile phone chip revenue may decline, further impacting overall Q2 revenue, which is expected to fall in the range of NT$140.2 billion to NT$149.2 billion, flat to a 6% decrease from Q1. (Editor: Lin Jiaxian) 1150611
US Secretary of Defense Pete Hegseth stated on the 10th that the US military is about to launch a "strong" and "clear" military strike against Iran, hinting that related military operations could extend into a second night.
On Wall Street on June 10, the Dow Jones Industrial Average fell 953.33 points, or 1.87%, to close at 49,918.78. The S&P 500 index dropped 119.66 points, or 1.62%, to 7,266.99. The Nasdaq Composite fell 509.32 points, or 1.98%, to 25,169.50. The Philadelphia Semiconductor Index plunged 451.35 points, or 3.57%, to 12,206.46.
On the Taiwan stock market on June 10, selling pressure emerged in technology stocks, intensifying after midday. The Taiex index closed at its intraday low of 43,225.54 points, falling below the monthly moving average of approximately 43,349 points. The drop of 1,478.90 points was the 6th largest closing point decline in history. Trading value was approximately NT$1.324 trillion.
On June 10, the three major institutional investors (foreign investors, investment trusts, and dealers) had a net sell-off of NT$117.364 billion. Foreign and Chinese investors net sold NT$93.574 billion, the 8th largest single-day net sell-off amount in history, marking a fifth consecutive session of net selling. Dealers also reduced their holdings by NT$40.551 billion. Only investment trusts were net buyers, purchasing NT$16.761 billion.
Foundry giant TSMC reported self-declared May revenue of NT$416.975 billion, a record high for monthly revenue. Its Q2 operational targets should be smoothly achieved, and it is set to post a record high for quarterly revenue. TSMC goes ex-dividend today, with a cash dividend of NT$6 per share. This will reduce its market capitalization by approximately NT$155.5 billion, accounting for about 47.84 points of the Taiex index.
Mobile phone chipmaker MediaTek reported self-declared May revenue of NT$47.434 billion, the second highest for the same period historically, second only to May 2022's NT$52.076 billion. MediaTek expects that due to cautious customer demand, its Q2 mobile phone chip revenue may decline, further impacting overall Q2 revenue, which is expected to fall in the range of NT$140.2 billion to NT$149.2 billion, flat to a 6% decrease from Q1. (Editor: Lin Jiaxian) 1150611