The final Taiwan stock index fell by 774.08 points on Friday, the largest single-day closing price drop in the history of Taiwanese stocks. This is likely due to TSMC's revised economic outlook, the escalation of the Israeli–Palestinian conflict, and the uncertainty of the federal interest rate cut– three major negative impacts on Taiwan’s stock market.
The final Taiwan stock index closed at 19527.12 points, down 774.08 points, or 3.81%, with a transaction value of nearly NT$705 billion (roughly US$21.7 billion).
TSMC's revisal announcement on Friday tanked stock prices by NT$54, or 6.72%, to close at NT$750 (just over US$23). Hon Hai Precision Industry, MediaTek, and Delta Electronics all closed down, with AI concept stocks Quanta, Wistron, Gigabyte, and other electronics groups stalled.
