Taiwan Fund Monthly Insights – November 2022December 30, 2022
The Taiwan Stock Exchange Weighted Index (“TWSE”) surged 19.80% in November 2022, in US dollar terms. The Information Technology sector rose 11.9%, followed by nontechnology (TWSE market sectors exclusive of Information Technology and Financial), which was up 5.45% and the Financial sector which was up 2.42%. The Taiwan TPEx Exchange Index, (“TWOTCI”, the over-the-counter index) was up 18.81% during the month in US dollar terms. The top three outperforming Industry Groups in the TWSE were Semiconductor & Semiconductor Equipment, Pharmaceuticals, Biotechnology & Life Sciences and Diversified Financials. The bottom three underperforming Industry Groups were Telecommunication Services, Food & Staples Retailing and Energy.