On July 28, iShares MSCI Taiwan ETF fell 5.2% in regular trading, trading at 93.54 USD/share, with turnover of $188 million.
On the news front, TSMC's Kumamoto factory was hit by a disaster, sparking capacity concerns and dragging TSMC shares down over 3% on the same day. The Philadelphia Semiconductor Index had previously retreated more than 20% from its peak, entering a technical bear market. ASML fell 3.6%, Micron fell 5.46%, and SK Hynix dropped 5.27%, with sustained capital outflows from the semiconductor sector. Taiwan stocks declined over 3% on the day, putting broad pressure on ETF component stocks, with heavyweight technology names significantly weighing on the fund.
The fund generally invests at least 80% of its assets in the component securities of its underlying index. The index is a free float-adjusted market capitalization-weighted index 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.)
Comments