Taiwan stocks plunge below 46,000 as oil surge deepens regional selloff

  • Taiwan’s Weighted Index fell more than 900 points to 45,997 on the 11th after losing 242.87 points on the 10th, taking its two-session decline above 1,100 points.
  • Oil moved above $100 a barrel and the U.S. 10-year Treasury yield neared 5%, while TSMC fell to NT$2,410 and 1,345 Taiwan stocks declined against 321 gainers.
  • Broad selling affected electronics, financial and traditional-industry shares; lower volume indicated no panic selling, although analysts warned of further weakness toward quarterly moving-average support.

Taiwan’s Weighted Index suffered broad, synchronized selling on the 11th, falling more than 900 points to an intraday low of 45,997 and breaking below the psychologically important 46,000 level. The decline followed a 242.87-point, or 0.51%, drop on the 10th to 46,940.49, taking the two-session loss above 1,100 points. Electronics, financial and traditional-industry shares weakened together as Brent crude settled 6.3% higher at $107.63 a barrel and the U.S. 10-year Treasury yield rose to 4.943%, near the 5% threshold. TSMC fell to NT$2,410 intraday, while market breadth deteriorated to 1,345 decliners versus 321 advancers. Lower turnover suggested panic selling had not emerged, but analysts warned that a break below monthly moving-average support could expose the quarterly average. The regional selloff coincided with declines in U.S. equities and rising concern over inflation, Treasury-market demand, Middle East supply risks and U.S. fiscal pressures.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.