Taiwan Fund Monthly Insights - June, 2024

July 26, 2024

COMPUTEX Taipei, the annual computer and technology trade show, took place from June 4 - June 7, 2024, hosting one of the largest gatherings of global tech executives and investors worldwide. This highlights the significance of Taiwan's technology ecosystem and signals promising prospects for future growth. The Taiwan TAIEX Total Return Index, (the “Benchmark”) rose 9.12% in June 2024, in US dollar terms. The rise was driven by the Utilities and the Information Technology (“IT”) sectors, with both demonstrating robust performance during the period. Within IT, Semiconductors & Semiconductor Equipment and Technology Hardware & Equipment were the best-performing industry groups. During the month, the top two underperforming sectors were Energy and Materials.