On July 31, iShares MSCI Taiwan ETF rose 5.06% in pre-market trading, trading at $98.12/share, with turnover of $1.1968 million. The rebound was driven by TSMC confirming that its Kumamoto JASM wafer fab has fully resumed operations.
TSMC confirmed that the Kumamoto facility's water supply, power, and safety systems are operating normally, with raw material supply restored and construction work resumed on July 29, bringing capacity gradually back on track. The factory had been evacuated following a 6.8-magnitude earthquake in Kumamoto Prefecture, which previously triggered panic selling across the semiconductor sector. The Philadelphia Semiconductor Index had retreated over 20% from its peak into a technical bear market, while EWT suffered a cumulative decline exceeding 10% over two consecutive sessions. With resumption now confirmed, prior fears of prolonged supply chain disruption have subsided, prompting capital inflows to drive the ETF's continued recovery.
The fund generally invests at least 80% of its assets in the component securities of its underlying index, 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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