Taiwan Fund Monthly Insights – May 2023June 30, 2023
The Taiwan Stock Exchange Weighted Index (“TWSE”) rose 6.49% in May 2023, in US dollar terms, with the electronics jumping the most. The top three outperforming industry groups were Software & Services, Semiconductors & Semiconductor Equipment, and Technology Hardware & Equipment. The top three underperforming industry groups were Health Care Equipment & Services, Household & Personal Products, and Financial Services. The Taiwan TPEx Exchange Index, (“TWOTCI”, the over-the-counter index) declined 3.08% in May 2023, in US dollar terms.