On November 11, iShares MSCI Taiwan ETF rose 5.09% Overnight, trading at $99.5, with turnover of $2.4303 million.

The move coincided with stronger sentiment toward Taiwan technology heavyweights after TSMC rose more than 3% and reported October consolidated revenue up nearly 60% year over year, reinforcing expectations for semiconductor demand and large-cap fundamentals in Taiwan.

Earlier disclosures from Alchip and United Microelectronics had already pointed to improving semiconductor momentum, and TSMC's latest revenue update added further support for the ETF, which tracks the MSCI Taiwan Index and is concentrated in Taiwan large- and mid-cap stocks.

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large- and mid-capitalization segments of the equity market in Taiwan. The fund is non-diversified.

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