👩🍳 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 stocks face biggest daily drop on Trump tariff impact
Taiwan’s stock market recorded its largest single-day decline on Apr.7.
The benchmark Taiex index fell by 2,065.87 points, or 9.7%, closing at 19,232.35.
This marks its first drop below 20,000 points since August 2024.
The decline followed United States President Donald Trump’s announcement of new tariffs last week.
Taiwan faces a 32% tariff, which exceeded market expectations and raised investor concerns.
Of the 1,034 stocks traded on the Taiwan Stock Exchange, 945 reached the daily drop limit of 10%, including Taiwan Semiconductor Manufacturing Co. (TSMC).
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
|
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.