Drag from plunge in U.S. tech stocks
U.S. stocks on Friday the 30th were dragged lower by declines in technology and AI-related stocks, with major indexes all closing in negative territory. The S&P 500 plunged 1.8% and the Nasdaq Composite fell 2.9%. The Nasdaq posted its largest single-day drop since June, while the Philadelphia Semiconductor Index fell more than 7%, as Wall Street continued to sell AI-related shares and funds moved into more defensive areas.
U.S. major indexes all close lower
At the close on the 30th, the Dow Jones Industrial Average fell 572.25 points or 1.09% to 51770.31. The Nasdaq fell 747.73 points or 2.86% to 25437.00. The S&P 500 fell 140.32 points or 1.82% to 7580.07. The Philadelphia Semiconductor Index plunged 829.40 points or 7.20% to 10688.80. In ADRs, TSMC ADR fell 5.95%, ASE ADR fell 11.34%, UMC ADR fell 7.54%, and Chunghwa Telecom ADR rose 0.91%.
Taiwan stocks open lower, briefly fall below 45,000
Weighed by weakness in U.S. stocks and an 867-point drop in TAIFEX night-session futures, the Taipei stock market opened on the 2nd down 177.3 points to 45034.53, then extended losses to a low of 44399.1, briefly falling below the 45000 mark. Small and mid-cap stocks fell in tandem, with the OTC index opening down 2.04 points to 368.22. TAIFEX night-session futures hit an intraday high of 45420, and closed down 867 points or 1.91% at 44433. TSMC after-hours futures closed down NT$87 or 3.66% at NT$2289.
Heavyweights generally open lower and weak
Most heavyweights weakened, with key stock TSMC opening down NT$60 to NT$2310. MediaTek opened down NT$125 to NT$3790. Delta Electronics opened down NT$80 to NT$1255. Hon Hai opened at NT$244.5, down NT$1. ASE Technology Holding opened at NT$655, down NT$13. The broader market was affected by expanding selling pressure in U.S. AI stocks, and investors still need to watch market volatility risks and respond cautiously to subsequent trend changes.