TSMC Plunges 30 NTD; Taiwan Stocks Drop Over 200 Points in Early Trading, Losing 37,000-Point Mark

(CNA Reporter Jiang Ming-yan, Taipei, 17th) The four major U.S. stock indices closed in the red, and the Taiwan stock market hit a record high at the close on the 16th. In early trading today, it dropped over 200 points, falling below the 37,000-point mark. Heavyweight stock TSMC saw profit-taking pressure emerge after its institutional investors' conference. Its shares fell by 30 NTD to 2,055 NTD in early trading, shrinking its market value by 777.9 billion NTD down to 53.29 trillion NTD, which dragged the broader market down by approximately 238 points.

The Taiwan Stock Exchange Weighted Index opened higher but trended lower today, dropping over 200 points in early trading and losing the 37,000-point level. Heavyweight TSMC hit a low of 2,055 NTD in early trading, down 30 NTD. Largan Precision plunged over 8%, MediaTek rose over 2%, UMC rose 4.5%, and Yageo rose over 3%. Delta Electronics and Foxconn posted slight gains.

Second-highest priced stock WinWay rose over 2%, surpassing the 10,000 NTD mark for the first time. Together with ASPEED, which has firmly stayed above 10,000 NTD, it propelled the Taiwan stock market into a "double 10,000-dollar stock" era, setting a new historical record. (Editor: Zhang Jun-mao) 1150417

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