TSMC Drops NT$20, Yageo Surpasses NT$1,000; Taiwan Stock Market Opens Higher with Morning Volatility

TAIPEI (Central News Agency, reporter Chung Jung-feng, June 16) — After the United States and Iran reached an agreement to end hostilities in the Middle East, leading to record highs in U.S. technology stocks, Taiwan's stock market surged 1,227 points on June 15. On June 16, the market opened higher but turned volatile during morning trading, reaching a peak of 45,737.69 points—an increase of 340.7 points—before paring gains.

Taiwan Semiconductor Manufacturing Company (TSMC) declined by NT$20 to NT$2,355, while MediaTek traded near flat. ASE Holding turned negative, Delta Electronics rose over 2%, and passive component giant Yageo surged more than 6%, hitting a record high above the NT$1,000 threshold. Memory sector players Nanya Technology and Winbond Electronics both climbed over 2%.

Securities and institutional analysts noted that the U.S.-Iran ceasefire agreement has eased geopolitical tensions, causing international oil prices to retreat and inflationary pressures to subside. This has boosted U.S. equities to new highs and may help Taiwan's market reclaim the 46,000-point level. Market focus this week centers on monetary policy decisions from the U.S. Federal Reserve and the Bank of Japan. Additionally, the June 17 settlement of Taiwan stock index futures warrants caution over continued high-level volatility. (Edited by Lin Chia-hsien) 1150616

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