Taiwan Stock Market Plunges 716 Points, Breaches Monthly Line as Bellwether and Memory Stocks Suffer
Taiwan's stock market experienced a significant downturn today, closing down 716.26 points at 40175.56, falling below its monthly moving average, primarily due to weakness in bellwether stocks like TSMC and MediaTek, and a sharp decline in memory chip companies.
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- 📰 Published: May 19, 2026 at 15:15
- 🔍 Collected: May 19, 2026 at 15:32 (16 min after Published)
- 🤖 AI Analyzed: May 19, 2026 at 19:34 (4h 2m after Collected)
Taipei, May 19 (CNA) The Taiwan stock market opened lower and fluctuated today, ultimately closing down 716.26 points at 40175.56, breaching the 40235-point monthly moving average. This significant drop was largely driven by the weak performance of bellwether stocks and the memory chip sector. TSMC closed down NT$35 at NT$2205, MediaTek fell over 7%, and memory chip stocks experienced sharp declines.
The Taiex weighted index closed at 40175.56 points, a decrease of 716.26 points, or 1.75%. The total transaction value reached NT$1.088073 trillion. The electronic stock index fell by 2.2%, while the financial stock index rose by 1.24%. The OTC index also saw a 2.8% decline, closing below its 401.53-point monthly moving average.
Among the bellwether stocks, TSMC closed down NT$35, settling at NT$2205, a 1.56% decrease. Yageo and Hon Hai (Foxconn) fell by 0.8% and 1.41% respectively, while MediaTek plunged 7.21%. Memory chip manufacturers Nanya Technology, Winbond, Macronix, and Etron all hit their daily trading limits. (Edited by Chang Liang-chih) 1150519
The Taiex weighted index closed at 40175.56 points, a decrease of 716.26 points, or 1.75%. The total transaction value reached NT$1.088073 trillion. The electronic stock index fell by 2.2%, while the financial stock index rose by 1.24%. The OTC index also saw a 2.8% decline, closing below its 401.53-point monthly moving average.
Among the bellwether stocks, TSMC closed down NT$35, settling at NT$2205, a 1.56% decrease. Yageo and Hon Hai (Foxconn) fell by 0.8% and 1.41% respectively, while MediaTek plunged 7.21%. Memory chip manufacturers Nanya Technology, Winbond, Macronix, and Etron all hit their daily trading limits. (Edited by Chang Liang-chih) 1150519
FAQ
What was the performance of the Taiwan stock market today?
The Taiwan stock market (Taiex) closed down 716.26 points at 40175.56, a decrease of 1.75%.
Which major stocks contributed to the market's decline?
Bellwether stocks such as TSMC (down 35 NTD), MediaTek (down over 7%), and memory chip companies like Nanya Tech, Winbond, Macronix, and Etron (all hitting daily limits) were significant contributors.
Did the Taiex break any key technical levels?
Yes, the Taiex fell below its monthly moving average of 40235 points. The OTC index also fell below its monthly moving average of 401.53 points.
What was the trading volume for the day?
The total trading value for the day was NT$1.088073 trillion.
How did different sectors perform?
The electronic stock index fell by 2.2%, while the financial stock index rose by 1.24%.