TSMC Takes a Break, Taiwan Stocks Fall Over 400 Points to Retest 5-Day Moving Average
The Taiwan Stock Exchange (Taiex) fell over 400 points today, dropping from historical highs to test the 5-day moving average, influenced by a decline in the US Philadelphia Semiconductor Index. Major technology stocks like TSMC, Delta Electronics, MediaTek, and Foxconn all saw significant drops, while financial stocks showed resilience.
📋 Article Processing Timeline
- 📰 Published: April 29, 2026 at 11:55
- 🔍 Collected: April 29, 2026 at 12:01 (5 min after Published)
- 🤖 AI Analyzed: April 29, 2026 at 12:05 (3 min after Collected)
Central News Agency
(Central News Agency reporter Zeng Renkai, Taipei 29th) Following the surge of the US Philadelphia Semiconductor Index in April, which has seen two consecutive trading days of declines this week, the Taiwan stock market today slipped from its historical highs. It fell by over 600 points at its lowest point during the session, hitting 38896.30 points, retesting the 5-day moving average at approximately 38985 points.
As of 10:30 AM, the concentrated market index fell by 315.33 points, closing at 39206.40 points. The trading value was approximately NT$481 billion.
All four major weighted stocks fell simultaneously. TSMC fell by a maximum of NT$50 to NT$2165 during the session, Delta Electronics by a maximum of NT$90 to NT$2035; MediaTek by a maximum of NT$115 to NT$2500, and Foxconn by a maximum of NT$3.5 to NT$222.
Financial stocks stepped up today, with Cathay Financial Holdings rising by over 6% at its peak. Fubon Financial Holdings and Keelung Financial Holdings also saw simultaneous increases.
Liao Jih-hung, Executive Vice President of the Project Trading Department at Concord Securities, analyzed that as of April 28th, the Taiwan stock market only saw declines on 4 trading days, with the broader market surging over 8000 points and breaking through the 40,000-point mark during the session. He believes that from a technical perspective, this has surpassed all past experiences and advises investors not to set a high point.
Liao Jih-hung analyzed that currently, there are no major negative signals in the Taiwan stock market, and strong stocks are rotating, which is beneficial for the Taiex to maintain its upward trend. However, he warned that the current concern is too large a deviation, with the Taiex's deviation rate from the annual moving average reaching over 40%. It is expected that the Taiwan stock market may fluctuate around 40,000 points in the short term, awaiting the convergence of technical deviation. (Edited by Zhang Junmao) 1150429
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(Central News Agency reporter Zeng Renkai, Taipei 29th) Following the surge of the US Philadelphia Semiconductor Index in April, which has seen two consecutive trading days of declines this week, the Taiwan stock market today slipped from its historical highs. It fell by over 600 points at its lowest point during the session, hitting 38896.30 points, retesting the 5-day moving average at approximately 38985 points.
As of 10:30 AM, the concentrated market index fell by 315.33 points, closing at 39206.40 points. The trading value was approximately NT$481 billion.
All four major weighted stocks fell simultaneously. TSMC fell by a maximum of NT$50 to NT$2165 during the session, Delta Electronics by a maximum of NT$90 to NT$2035; MediaTek by a maximum of NT$115 to NT$2500, and Foxconn by a maximum of NT$3.5 to NT$222.
Financial stocks stepped up today, with Cathay Financial Holdings rising by over 6% at its peak. Fubon Financial Holdings and Keelung Financial Holdings also saw simultaneous increases.
Liao Jih-hung, Executive Vice President of the Project Trading Department at Concord Securities, analyzed that as of April 28th, the Taiwan stock market only saw declines on 4 trading days, with the broader market surging over 8000 points and breaking through the 40,000-point mark during the session. He believes that from a technical perspective, this has surpassed all past experiences and advises investors not to set a high point.
Liao Jih-hung analyzed that currently, there are no major negative signals in the Taiwan stock market, and strong stocks are rotating, which is beneficial for the Taiex to maintain its upward trend. However, he warned that the current concern is too large a deviation, with the Taiex's deviation rate from the annual moving average reaching over 40%. It is expected that the Taiwan stock market may fluctuate around 40,000 points in the short term, awaiting the convergence of technical deviation. (Edited by Zhang Junmao) 1150429
Choose to stand with facts; every sponsorship you give is a force for protecting press freedom.
Download the Central News Agency's "First-hand News" APP to stay updated with the latest news.
No text, images, or audio/video from this website may be reproduced, broadcasted publicly, or transmitted and used without authorization.