Taiwan Fund Monthly Insights – September 2023

October 31, 2023

The Taiwan TAIEX Total Return Index, (the “Benchmark”), declined 2.80% in September 2023, in US dollar terms, with electronics continuing to lead the decline. The top three outperforming industry groups were Automobiles & Components, Commercial & Professional Services and Transportation. The top three underperforming industry groups were Consumer Services, Consumer Discretionary Distribution & Retail and Semiconductors & Semiconductor Equipment.