Taiwan Fund Monthly Insights - December, 2024

January 28, 2025

Taiwan equities delivered a solid performance to finish the year. In December, the Taiwan TAIEX Total Return Index, (the “Benchmark”) rose by 2.68% in U.S. dollar terms, surpassing regional benchmarks. The Information Technology and Industrials sectors were the top performing sectors. Within the Information Technology sector, Software & Services and Semiconductors & Semiconductor Equipment were the best-performing industry groups. In the Industrials sector, the increase was primarily driven by the Capital Goods industry group. During the month, the three poorest performing sectors were Energy, Materials and Consumer Staples. Within the Consumer Staples sector, the Food, Beverage & Tobacco and Household & Personal Products industry groups were the largest detractors to sector performance.