Taiwan Fund Monthly Insights – April 2023

May 31, 2023

The Taiwan Stock Exchange Weighted Index declined 2.68% in April 2023, in US dollar terms. The top three outperforming industry groups were Utilities, Pharmaceuticals, Biotechnology & Life Sciences and Telecommunication Services. The top three underperforming industry groups were Semiconductors & Semiconductor Equipment, Transportation and Technology Hardware & Equipment. The Taiwan TPEx Exchange Index, (“TWOTCI”, the over-the-counter index) declined 2.41% in April 2023, in US dollar terms.