Taiwan stocks opened lower. (Illustration/Photo from China Times Electronic News) Investors expected that the U.S. Federal Reserve (Fed) would continue to raise interest rates, and most U.S. stocks closed lower. Among them, technology stocks performed weakly. Taiwan stocks fell m

Taiwan stocks opened fell. (Diagram/ China Times Newspaper series file photo)

Investors expected that the US Federal Reserve (Fed) would continue to raise interest rates. Most US stocks ended lower. Among them, technology stocks performed weakly. Taiwan stocks fell more than 100 points in early trading today (28th), with the lowest reaching around 14,200 points.

TSMC ADR fell 0.8% on Tuesday, falling for three consecutive days, closing at US$74.32. The spot part of Taiwan stocks fell 7 yuan to NT$450 in early trading. UMC fell more than 1.5% to around 41 yuan. The three heroes of the container bucked the trend and supported the market, and they supported the red market in early trading.

The Dow Jones Industrial Average edged up 37.63 points, or 0.11%, to close at 33241.56 points. The S&P index fell 15.57 points or 0.41% to close at 3829.25 points. The Nasdaq index fell 144.63 points or 1.38% to close at 10353.23 points. Philadelphia Semiconductor Index fell 45.322 points or 1.79% to close at 2490.167 points. (China Times News Network)