Taiwan Stock Market Suffers Dramatic Downturn: Market Plummets Over 2,000 Points!

Tech Giant TSMC Hit Hard as Market Volatility Shakes Investor Confidence.

The Taiwan Stock Exchange experienced a turbulent day on April 7th, with the market opening down 1,144.65 points, settling at 20,153.57 points. During intraday trading, the market experienced a dramatic decline of over 2,000 points, falling below the 20,000-point mark.

Taiwan Semiconductor Manufacturing Company (TSMC, 2330), a pivotal player in the Taiwanese market, opened at NT$848, a significant drop of NT$94.

According to a report by Capital Securities Investment Trust, the US government's announcement of new **tariffs** on April 2nd significantly impacted global stock markets, prompting retaliatory measures from several countries and intensifying global trade tensions. This led to concerns about the future of the US economy, negatively affecting investor confidence in both the US and Taiwan stock markets. This is seen as unfavorable to the recent performance of the Taiwan stock market. The rapid rotation of industry sectors makes trading challenging. Investors are advised to exercise caution and adopt a flexible approach.