Beijing recently announced expanded controls on rare earths, and U.S. President Trump also threatened to impose 100% new tariffs on Chinese imports from November, triggering a sharp fall in U.S. stocks on the 10th, with TSMC ADR falling 6.41%. TSMC's stock price jumped and opened lower today, breaking through the 1,400 yuan mark, reaching 1,390 yuan, down 50 yuan, and its market value fell to 36.04 trillion yuan.
U.S. President Trump criticized the Beijing authorities for adopting hostile trade practices and threatened to impose large-scale tariffs on Chinese goods, causing U.S. stocks to plummet on the 10th. The Dow Jones Industrial Index fell 878.82 points, or 1.9%, and the Philadelphia Semiconductor Index fell 432.602 points, or 6.32%.
TSMC American Depository Receipts (ADR) fell $19.22 to close at $280.66, a drop of 6.41%. TSMC opened today with a gap of NT$1,390, down NT$50. Its market value shrank by NT$1.29 trillion, falling to NT$36.04 trillion, affecting the market by about 401 points.
Trump later issued a statement saying that the United States "wants to help China, not hurt it," showing a more conciliatory stance, which spurred a rebound in U.S. stock futures. Due to the influx of market buying, TSMC's stock price has restrained its decline and has returned to above the 1,400 yuan level, reaching 1,410 yuan.