Underlying Index Performance: The primary driver is the performance of the underlying index it tracks. If the index rises, the ETF's price generally increases.

Market Sentiment: Overall market sentiment towards Taiwan equities can influence demand and thus price.

Supply and Demand: Basic supply and demand dynamics for the ETF shares themselves affect the price.

Expense Ratio: While not a direct daily price factor, a higher expense ratio can slightly reduce long-term returns compared to similar ETFs.

Trading Volume and Liquidity: Low trading volume can lead to wider bid-ask spreads and price volatility.

Currency Fluctuations: Changes in the value of the New Taiwan Dollar (TWD) versus other currencies (if the fund holds assets denominated in other currencies) can impact returns.

Interest Rates: Shifts in interest rate policies can influence investor appetite for equities and subsequently ETF prices.

Geopolitical Events: Major geopolitical events affecting Taiwan or the region can trigger market reactions and price swings.

Company Specific News: News related to significant companies within the tracked index impacts price.

Global Economic Conditions: Broader global economic factors and trends can affect the overall investment climate and influence ETF values.

Fund Flows: Inflows and outflows of capital into and out of the ETF affect supply and demand, influencing the price.

Leverage: 00650L.TW being a leveraged ETF, its price changes are magnified compared to its underlying index.