👩🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔♂️ A friendly human may check it before it goes live. More news here
🧔♂️ A friendly human may check it before it goes live. More news here
Taiwan stock market plunges 9.7% as TSMC slumps
Taiwan’s stock market recorded its largest intraday decline as the weighted index fell by over 9.7%, or 2,086 points, at the opening on Apr.7.
The index reached a low of 19,212.02, with futures locked at their limit-down levels. More than 1,000 stocks hit daily drop limits.
The decline was led by major companies Taiwan Semiconductor Manufacturing Co. (TSMC), Hon Hai (Foxconn), and MediaTek.
These companies all reached their limit-down prices of NT$848 (US$27.14), NT$138.5 (US$4.43), and NT$1,295 (US$41.44), respectively.
Recent Taiwan Semiconductor Manufacturing Co. developments
| Timeline |
|---|
01-Apr-2025 💼 TSMC to add 7,000 tech jobs with new chip plant in Taiwan
|
21-Mar-2025 🌱 TSMC to issue $582m green bonds for eco-friendly investments
|
20-Mar-2025 📈 TSMC commits $100b to US expansion
|
16-Mar-2025 📊 TSMC hits 67.1% market share as Samsung sales decline: report
|
11-Mar-2025 📉 Taiwan stocks drop as TSMC falls below $30.4
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.