Why iShares MSCI Taiwan ETF (EWT) fell 3.27%
iShares MSCI Taiwan ETF (EWT) fell 3.27% on October 29, 2026 — Alphabet and Samsung misses drag Asia tech lower.
What happened
Asia stocks fell as Alphabet and Samsung results disappointed, dragging the regional tech complex lower while more tech earnings were still ahead.
Why it moved
EWT is concentrated in the same AI and semiconductor names that trade on global tech sentiment, so disappointing megacap and memory-chip results reprice the whole basket at once.
Why it matters
This sits within the EM rotation theme, where Asian equities trade as a high-beta extension of the global AI hardware cycle.
What would break the thesis
A rebound would require upcoming tech earnings to beat expectations and show that AI hardware demand is holding up, which would reverse the sentiment hit.