Taiwan Fund Monthly Insights – July 2023

The Taiwan Stock Exchange Weighted Index (“TWSE”) rose 1.51% in July 2023, in US dollar terms, with electronics again leading the rise. The top three outperforming industry groups were Technology Hardware & Equipment, Insurance and Financial Services. The top three underperforming industry groups were Consumer Services, Media & Entertainment and Consumer Discretionary Distribution & Retail. The Taiwan TPEx Exchange Index, (“TWOTCI”, the over-the-counter index) declined 1.93% in July, in US dollar terms.