Underlying Index Performance: The price of 00706L.TW is primarily driven by the performance of the index it tracks. If the index rises, the ETF's price generally increases, and vice versa.

Supply and Demand: Market forces of supply and demand for the ETF shares themselves can influence its price. High demand can push the price above its net asset value (NAV), while high selling pressure can drive it below.

Investor Sentiment: Overall market sentiment and investor confidence in the sectors or assets represented in the ETF's underlying index play a significant role. Positive sentiment can lead to increased buying, boosting the price.

Management Fees and Expenses: The ETF's expense ratio, which covers management fees and operational costs, indirectly affects its price. Higher expenses can slightly reduce the ETF's overall return compared to its benchmark index.

Currency Exchange Rates: Fluctuations in currency exchange rates can impact the ETF's price if it holds assets denominated in foreign currencies. A strengthening local currency relative to the foreign currency can decrease the ETF's value.

Trading Volume and Liquidity: Higher trading volume and liquidity generally result in tighter bid-ask spreads, making it easier to buy and sell the ETF at a fair price. Lower liquidity can lead to wider spreads and greater price volatility.