On July 17, iShares MSCI Taiwan ETF (EWT) fell 5.12% in regular trading, trading at $96.67/share, with turnover of $225 million.
On the news front, TSMC reported Q2 results with net revenue of $40.2 billion and EPS of $4.31, both exceeding expectations. The company also raised its full-year revenue growth guidance to slightly above 40% and lifted capital expenditure to $60-64 billion. Despite the strong results, TSMC shares fell over 5% post-earnings as the market exhibited a classic buy-the-expectation, sell-the-fact pattern.
As the largest constituent of the MSCI Taiwan Index, TSMC's sharp pullback directly weighed on EWT. The ETF tracks 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, with holdings primarily listed on the Taiwan Stock Exchange spanning financials, technology, and commodities sectors.
(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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