Movement Alert｜iShares MSCI Taiwan ETF Overnight Rise 5.21%, Taiwan Semiconductor Sentiment Lifted by October Sales Growth

On November 9, iShares MSCI Taiwan ETF rose 5.21% Overnight, trading at $93.89, with turnover of $12.58 million.

The move coincided with renewed support for Taiwan semiconductor sentiment after recent October sales updates from key constituents and related companies pointed to continued revenue growth.

Recent disclosures showed Alchip reported October sales of TWD 1.24 billion, up 48.9% year over year, while UMC reported October sales of TWD 25.20 billion, up 18% year over year; its revenue for the first ten months reached TWD 229.21 billion, up 16.33%. As iShares MSCI Taiwan ETF tracks a free-float-adjusted market-cap-weighted Taiwan equity index with meaningful exposure to large- and mid-cap Taiwanese stocks, stronger semiconductor fundamentals helped improve sentiment toward the fund.

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large- and mid-capitalization segments of the equity market in Taiwan. The fund is non-diversified.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)