Written and reviewed by Kevin Nerway · Last verified 4 November 2026
Key Takeaways
- The TAIEX dropped 3.59% (1,612.6 points) to close at 43,307.54 on November 4, 2026, driven by an international technology sell-off and US election uncertainty.
- Foreign institutional investors accelerated liquidity withdrawals with net equity sales of NT$107.31 billion, driving the New Taiwan dollar down NT$0.168 to NT$32.760 against the US dollar.
- Asian market contagion was heavily concentrated in technology assets, reflecting a 21.35% monthly slide in the PHLX Semiconductor Index and a 15.68% drop in TSMC ADRs.
Capital Outflows Drive NT Dollar to Multi-Month Lows
On November 4, 2026, Taiwan’s financial markets experienced severe equity liquidations coupled with currency depreciation. The benchmark TAIEX plunged 3.59%, falling 1,612.6 points to close at 43,307.54 on total turnover of NT$928.058 billion (US$28.33 billion). Concurrently, the foreign-exchange market saw the New Taiwan dollar fall NT$0.168 to close at NT$32.760 against the greenback in Taipei trading—marking its weakest level in more than 18 months.
The drop was primarily driven by heavy foreign institutional selling, with offshore accounts dumping