Taiwan Fund Monthly Insights - December, 2023

January 31, 2024

The Taiwan TAIEX Total Return Index, (the “Benchmark”), rose 4.85% in December 2023, in US dollar terms, with electronics leading the rally. The top three outperforming industry groups were Transportation, Technology Hardware & Equipment and Semiconductors & Semiconductor Equipment. The top three underperforming industry groups were Energy, Media & Entertainment and Consumer Durables & Apparel.