(8 Apr 2025)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
Taipei City, Taiwan – 8 April 2025
1. Various of entrance to Taiwan Stock Exchange (TWSE) showroom in the Taipei 101 financial tower
2. Various of Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) shortly after market opened at 09:00AM local time (0100G) with the index dropping 919 points, from 19,232 points to 18,313 points
3. Various of tickers in the Taiwan Stock Exchange (TWSE) showroom in the Taipei 101 financial tower
4. Various of Taiwan Semiconductor Manufacturing Company (TSMC) prices opening at 848 points and dropping to 797 points
5. Mid of ticker showing TSMC’s price at 831 points
6. Various exteriors of Taipei 101 financial tower
STORYLINE:
Taiwan’s stock market index (TAIEX) dropped over 900 points Tuesday morning at opening as a reaction to the U.S. government’s 32% reciprocal tariffs.
TAIEX opened at 19,232 points and dropped to 18,313 points at open, making a drop of 919 points.
Taiwan Semiconductor Manufacturing Company (TSMC) share prices also tumbled for a second consecutive day after U.S. President Donald Trump announced the 32% reciprocal tariffs on Taiwan.
Elsewhere in the region, Japan’s Nikkei 225 benchmark shot up more than 6% after it fell nearly 8% a day earlier.
The rebound followed a wild day on Wall Street as U.S. stocks careened after Trump threatened to crank his double-digit tariffs higher.
Hong Kong also recovered some lost ground, but not anything close to its 13.2% dive on Monday that gave the Hang Seng its worst day since 1997 during the Asian financial crisis. The Hang Seng gained 1.7% to 20,163.97 on Tuesday morning.
The Shanghai Composite index jumped 0.8% to 3,121.72, South Korea’s Kospi gained 1.6% to 2,364.22, and the S&P/ASX 200 also was up 1.6%, at 7,462.60.
AP Video by Taijing Wu
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