$2330.TW

On Aug 6, Taiwan’s TAIEX fell 0.48% to 44,396.7 on NT$940.39B turnover. Foreign investors recorded a modest NT$2.02B net buy, down from NT$90.3B prior day, buying Powerchip (38,629 shares), Innolux (37,748) and Hon Hai (21,743) while selling Taiwan Business Bank (23,309) and First Financial (21,663). They also bought Yuanta Taiwan 50 Inverse -1X ETF (00632R) and trimmed TSMC.

Taiwan’s Taiex benchmark fell 4.65% to 41,603.36 on July 28, with turnover of NT$809.48 billion, as tech stocks dropped on concerns about AI spending returns and weaker US tech sentiment. Memory chip declines in Samsung Electronics and SK Hynix pressured Taiwan semis, including TSMC (-2.98%) and Winbond (-10%). Foreign investors sold NT$87.56 billion net.

According to a Goldman Sachs research report cited by CNBC, Asian FX markets are splitting between AI and semiconductor exporters (South Korea, Taiwan, Singapore, Malaysia) and energy-sensitive economies (Thailand, Indonesia, Philippines). Goldman expects South Korea’s current account surplus to nearly double to about $300B, supporting the won. It forecasts outperformance for won, Taiwan dollar, yuan, rupee and ringgit, but bearish views on baht and rupiah.

Asian shares mostly fell as heavy selling hit computer chip stocks. South Korea’s Kospi slid 5.1%: SK Hynix -7.7%, Samsung Electronics -6.4%. Japan’s Nikkei -1.5% (Tokyo Electron -5.6%); Taiwan’s Taiex -1.1% (TSMC -1.8%). Oil eased after U.S.-Iran talks; Brent -1% to $70.89, WTI -1% to $67.91.