Underlying Index Performance: 00673R.TW tracks the FTSE Emerging Markets Index. Price fluctuations mirror changes in this index's value.

Supply and Demand: High demand drives the price up, while increased selling pressure leads to price decreases.

Expense Ratio: The fund's management fees impact its net asset value and thus its trading price.

Market Sentiment: Overall investor optimism or pessimism towards emerging markets affects demand for the ETF.

Currency Exchange Rates: Fluctuations in exchange rates between the New Taiwan Dollar and currencies of assets held in the underlying index can influence the ETF's price.

Political and Economic Events: Geopolitical instability or significant economic news within emerging market countries can cause price volatility.

Interest Rate Changes: Changes in interest rates, particularly in the US, can impact capital flows to and from emerging markets, influencing ETF price.

Trading Volume and Liquidity: Lower trading volume can lead to wider bid-ask spreads and potential price discrepancies.

Arbitrage: Arbitrage activities that exploit price differences between the ETF and its underlying assets can keep the ETF's price aligned with the index.