Underlying Index Performance: The price of 00702.TW closely mirrors the performance of the MSCI Taiwan ex Technology Index it tracks. Upward index movement typically raises the ETF's price and vice versa.

Supply and Demand: Market buying and selling pressure for 00702.TW influences its price. Higher demand relative to supply pushes the price up, while increased selling pressure lowers it.

Net Asset Value (NAV): The NAV, representing the total value of the ETF's holdings minus liabilities, serves as a fundamental benchmark. The ETF's market price tends to gravitate towards its NAV.

Investor Sentiment: Overall investor confidence or fear regarding the Taiwan stock market or the specific sectors represented in the MSCI Taiwan ex Technology Index can sway demand for 00702.TW.

Currency Exchange Rates: Fluctuations in the TWD/USD exchange rate can impact the value of the underlying assets, especially if those companies derive revenue from exports or hold USD-denominated assets.

Dividend Yield: The dividend yield offered by the ETF, reflecting payouts from the underlying stocks, can influence its attractiveness and thus its price. Higher yields may attract more investors.

Expense Ratio: While having an indirect effect, the expense ratio represents the annual fees charged for managing the ETF. Higher fees can subtly detract from returns compared to similar ETFs with lower expense ratios.

Market Maker Activity: Market makers play a crucial role in providing liquidity and maintaining a tight spread between the buying and selling price of the ETF. Their trading activity can influence short-term price movements.

News and Events: Major economic announcements, geopolitical events, and company-specific news impacting the constituents of the MSCI Taiwan ex Technology Index can trigger price volatility in 00702.TW.

Interest Rate Changes: Changes in interest rates set by the central bank can indirectly affect the valuations of companies held within the ETF, thereby influencing its price. Higher interest rates can sometimes lead to lower valuations.