Foreign Investors Blamed for Sharp Drop in Taiwan Stock Market!

Reported 10 months ago

On the first trading day after the Dragon Boat Festival, Taiwan's stock market broke through 22000 points but ended unsteadily at 21792, with foreign investors selling off 33.2 billion Taiwan dollars worth of stocks, causing instability. Domestic institutions also sold off, resulting in a total of 403.56 billion Taiwan dollars in selling pressure. Despite initially surging past 22000 points, driven by heavyweights like TSMC, the market later turned downwards and closed with a loss of 66.26 points, with a trading volume of 502.6 billion Taiwan dollars.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis