On July 31, iShares MSCI Taiwan ETF rose 5.05% overnight, trading at $98.75/share, with turnover of $1.0055 million.
On the news front, TSMC confirmed that its Kumamoto JASM wafer fab has resumed construction as of July 29, with water supply, power, and safety systems operating normally and raw material supplies restored, bringing capacity gradually back on track. The factory had previously undergone emergency evacuation following a major earthquake in Kumamoto Prefecture, Japan, which triggered panic selling across the semiconductor sector.
Prior to the rebound, the Philadelphia Semiconductor Index had retreated more than 20% from its highs, entering a technical bear market, while EWT suffered a cumulative two-day decline exceeding 10%. Stocks including ASML, Micron, and SK Hynix all fell sharply amid broad-based semiconductor fund outflows. With the factory resumption now confirmed, market fears over supply chain disruption have continued to ease, driving capital inflows back into the ETF and extending the recovery trajectory.
The fund generally invests at least 80% of its assets in the component securities of the MSCI Taiwan Index, a free float-adjusted market capitalization-weighted index designed to measure the performance of large- and mid-cap equity segments in Taiwan.
(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.)
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