The Taiwan Stock Exchange experienced a downturn recently, contrasting with the positive performance of the US stock market. This shift came as a result of various factors, including mixed US economic data and evolving tariff policies announced by US President Donald Trump. Such developments have instilled a sense of caution among investors, leading to a decline in Taiwan’s market.

Despite the overall market decline, certain sectors stood out with strong performances. Notably, the printed circuit boards and co-packaged optics sectors witnessed substantial growth. The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) closed down significantly, reflecting the market’s fluctuations.

Key players in the market, such as TSMC, MediaTek, and Quanta Computer, experienced declines, while Foxconn’s performance remained stable. Amidst this, companies like Ace and Advanced Energy Solution Holding saw their stock prices soar, surpassing the NT$1,000 mark. Ace, known for its cellulose acetate filament yarn production, and Advanced Energy Solution Holding, specializing in high-power battery modules, were among the top performers.

The surge in Advanced Energy Solution’s stock also had a positive ripple effect on battery backup unit concept stocks like Dynapack Technologies, Celxpert, Stl Technology, and Sysgration. These companies witnessed significant gains as a result of the market dynamics.

In terms of sectoral performance, the chemicals and glass industries experienced notable volatility, with increases in their stock values. Conversely, the energy sector faced a 2.7% decline. The shipping and steel sectors, on the other hand, demonstrated positive movements, with companies like Evergreen Marine, YangMing Marine Transport, and China Airlines ending in the green.

The printed circuit boards sector also showcased strong growth, with companies like Abonmax and First Hi-tec Enterprise hitting their daily limit. Similarly, in the co-packaged optics concept sector, LandMark saw a significant rise. Co-packaged optics, integrating optics and silicon, cater to the evolving demands for increased bandwidth and power efficiency.

Market analysts emphasized the importance of monitoring US tariff policies, especially following Trump’s decision to delay tariffs on Mexican car imports. The upcoming chip and reciprocal tariffs anticipated in April are expected to introduce further uncertainties to the market.

Investors are advised to conduct thorough research and analysis before making any investment decisions, considering the evolving market conditions and global economic landscape.