US Stocks Mostly Close Lower, TSMC ADR Falls Over 1%; Institutional Investors: Taiwan Stocks Under Short-Term Pressure
Following drops in US markets and TSMC's ADR, Taiwan stocks hit record volumes but closed lower. Analysts note short-term pressure despite strong long-term AI fundamentals. The FSC also relaxed investment limits on mega-cap stocks.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 09:33
- 🔍 Collected: April 24, 2026 at 10:01 (28 min after Published)
- 🤖 AI Analyzed: April 25, 2026 at 04:07 (18h 5m after Collected)
Central News Agency.
(CNA reporter Pan Chih-yi, Taipei, 24th) US stocks closed with more losses than gains, and TSMC's ADR dropped more than 1%. Institutional investors believe that after the recent surge in Taiwan stocks, yesterday saw massive volume fluctuations and a decline; although the AI industry's fundamentals are good and the long-term bullish trend remains unchanged, there is still short-term pressure.
The four major US stock indices fluctuated on the 23rd, with most ending in the red, paring some recent gains, mainly because investors tempered their optimistic expectations for an end to the war in the Middle East. The Dow Jones Industrial Average fell 179.71 points, or 0.36%, to close at 49,310.32; the S&P 500 index slipped 29.50 points, or 0.41%, to close at 7,108.40; the Nasdaq Composite index fell 219.07 points, or 0.89%, to close at 24,438.50; the Philadelphia Semiconductor Index rose 169.31 points, or 1.71%, to close at 10,078.57.
Taiwan stocks hit an intraday record high of 38,921.95 points on the 23rd, but closed down 164.32 points at 37,714.15 points, with a trading value of NT$1.401497 trillion, setting a new record high volume.
Tsai Ming-han, an analyst at Cathay Securities Investment Consulting, said in a telephone interview that Taiwan stocks have risen too much in the short term and are facing pullback pressure; the US Philadelphia Semiconductor Index has surged 30% over the past month and is experiencing short-term volatility.
Tsai pointed out that long-term AI demand is strong, and Taiwan stocks have solid fundamentals; not only did Taiwan's exports hit a record high in March, but listed companies also delivered excellent revenue results in the first quarter, making the fundamentals optimistic through the end of the year. The long-term fundamentals of Taiwan stocks lean bullish, but there is still the possibility of short-term volatility and pullbacks.
Currently, domestic equity funds and active ETFs investing in Taiwan stocks are restricted from holding more than 10% of their net asset value in a single company. The Financial Supervisory Commission announced a conditional relaxation on the 23rd: if a listed company accounts for more than 10% of the market capitalization of Taiwan stocks, it can be exempt from the 10% investment limit, but the ceiling still cannot exceed 25% of the fund's net asset value. The directive issued on the 24th takes effect immediately.
Due to interference from the Middle East conflict, Taiwan stocks fluctuated in March. However, central bank statistics show that the balance of securities settlement deposits, known as the "weather vane of retail investor confidence," dropped below the NT$4 trillion mark in March to NT$3.9286 trillion, though it still remains at the third-highest level in history. (Editor: Lin Chia-hsien) 1150424
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(CNA reporter Pan Chih-yi, Taipei, 24th) US stocks closed with more losses than gains, and TSMC's ADR dropped more than 1%. Institutional investors believe that after the recent surge in Taiwan stocks, yesterday saw massive volume fluctuations and a decline; although the AI industry's fundamentals are good and the long-term bullish trend remains unchanged, there is still short-term pressure.
The four major US stock indices fluctuated on the 23rd, with most ending in the red, paring some recent gains, mainly because investors tempered their optimistic expectations for an end to the war in the Middle East. The Dow Jones Industrial Average fell 179.71 points, or 0.36%, to close at 49,310.32; the S&P 500 index slipped 29.50 points, or 0.41%, to close at 7,108.40; the Nasdaq Composite index fell 219.07 points, or 0.89%, to close at 24,438.50; the Philadelphia Semiconductor Index rose 169.31 points, or 1.71%, to close at 10,078.57.
Taiwan stocks hit an intraday record high of 38,921.95 points on the 23rd, but closed down 164.32 points at 37,714.15 points, with a trading value of NT$1.401497 trillion, setting a new record high volume.
Tsai Ming-han, an analyst at Cathay Securities Investment Consulting, said in a telephone interview that Taiwan stocks have risen too much in the short term and are facing pullback pressure; the US Philadelphia Semiconductor Index has surged 30% over the past month and is experiencing short-term volatility.
Tsai pointed out that long-term AI demand is strong, and Taiwan stocks have solid fundamentals; not only did Taiwan's exports hit a record high in March, but listed companies also delivered excellent revenue results in the first quarter, making the fundamentals optimistic through the end of the year. The long-term fundamentals of Taiwan stocks lean bullish, but there is still the possibility of short-term volatility and pullbacks.
Currently, domestic equity funds and active ETFs investing in Taiwan stocks are restricted from holding more than 10% of their net asset value in a single company. The Financial Supervisory Commission announced a conditional relaxation on the 23rd: if a listed company accounts for more than 10% of the market capitalization of Taiwan stocks, it can be exempt from the 10% investment limit, but the ceiling still cannot exceed 25% of the fund's net asset value. The directive issued on the 24th takes effect immediately.
Due to interference from the Middle East conflict, Taiwan stocks fluctuated in March. However, central bank statistics show that the balance of securities settlement deposits, known as the "weather vane of retail investor confidence," dropped below the NT$4 trillion mark in March to NT$3.9286 trillion, though it still remains at the third-highest level in history. (Editor: Lin Chia-hsien) 1150424
Choose to stand with facts, every sponsorship from you is the power to protect press freedom.
Download CNA's "First Hand News" APP to instantly grasp the latest news.
The text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.