Taiwan's benchmark TAIEX fell 1,655.96 points, or 3.41%, to close at 46,969.87 on turnover of NT$1.319 trillion (US$40.9 billion), its lowest level in four weeks. Foreign investors led the sell-off with net sales of NT$302.56 billion, while proprietary dealers sold a net NT$95.82 billion and investment trusts were the only net buyers at NT$28.3 billion. The decline followed US consumer prices rising 3.7% last month, above forecasts, which raised fears of another Fed rate hike and spread across Asia, with South Korea's KOSPI down 7.57% and Japan's Nikkei 225 falling 4.9%. Electronics heavyweights including TSMC, MediaTek, Nanya Technology and Delta Electronics were among the hardest hit. Analysts said investors are increasingly worried about the sustainability of AI spending as rising financing costs raise recession risks.
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