On July 7, iShares MSCI Taiwan ETF (EWT) fell 5.02% in regular trading, trading at $101.84/share, with turnover of $172 million.

The decline was driven by a sharp surge in global bond yields that rattled risk assets worldwide. The US 30-year Treasury yield breached 5%, while Japan's 10-year yield broke above 2.83%, triggering widespread selling across Asian equity markets. South Korea's KOSPI index plunged as much as 8% intraday and triggered a circuit breaker, with major semiconductor names including SK Hynix and Samsung Electronics falling over 6-7%.

Adding to the pressure, concerns over AI capital expenditure sustainability intensified after Meta signaled caution on future spending plans, prompting heavy profit-taking in high-beta semiconductor stocks. Meanwhile, foreign investors had already withdrawn a record $137.36 billion from Asian markets in the first half of the year, with Taiwan alone seeing $29.6 billion in outflows as institutions rebalanced away from concentrated chip positions.

EWT tracks the MSCI Taiwan Index, which is heavily weighted toward technology and semiconductor companies listed on the Taiwan Stock Exchange.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)