“Historical fall: Taiwan’s shares fell by almost 10% in a day, amid fears about Trump’s dutiesThe Taiwanese stock market experienced the largest single-day drop in history due to investors’ concerns about Trump’s duties.
TSMC, Foxconn and MediaTek were most affected.”, — write: unn.ua
DetailsOn Monday, April 7, dealers recorded the sharpest daily drop in Taiwanese stocks in history, with stock prices collapsing by more than 2,000 points. This event is related to the impact of investors’ sentiments regarding the customs policy of US President Donald Trump and the decisions announced by the Republican president last week.
Taiwan has been affected by a 32 percent US customs tariff, with Trump calling the island nation with limited international recognition “one of the US trade partners with one of the highest trade surpluses with the country.”
According to official data, today the main stock index of Taiwan fell to the lowest level in more than a year.
Which Taiwanese companies faced the biggest losses The biggest losses on Monday, March 7, were suffered by TSMC, Hon Hai (Foxconn) and MediaTek shares – they fell below the daily limit of 10% at the beginning of the session.
Losses at TSMC, the world’s largest chip maker, led to a 25.3% drop in the company’s shares compared to the historical high on January 22. This means a drop in market value of 7.4 trillion Taiwan dollars (about 203 billion euros).
“Orders to sell an additional 68 million TSMC shares today did not find buyers. New sales will take place after the market opens tomorrow, as investors fear that Trump’s tariffs will fuel inflation and lead to a recession,” said Alex Huang, an analyst at Mega International Investment Services.
Taiwan’s Financial Supervisory Commission (FSC) has announced that it will temporarily restrict short selling, increase minimum bid spreads and limit securities lending in order to “maintain stock market stability and protect investor rights.”
Let us remind youBitcoin fell 8% due to Trump’s tariffs, losing almost all post-election gains. Ethereum, XRP and Solana also suffered significant losses, and global markets collapsed.
WTI oil prices fell due to escalating trade tensions between the US and China, raising fears of recession and lower demand.
Nintendo has delayed Switch 2 pre-orders in the US due to uncertainty over Trump’s tariffs. The company’s shares fell 10%, despite the planned release of the console on June 5.