Reported 8 months ago
Taiwan Stock Market closed at 22,813 points, down 439 points or 1.89% due to selling pressure from heavyweight stocks like TSMC. Foreign investors sold off TWD 45.1 billion worth of Taiwan stocks, marking the third largest sell-off this year. Overall, the market value dropped to TWD 72.6652 trillion, evaporating over TWD 1.4 trillion. The decline was attributed to insufficient buying momentum from Nvidia and Apple, the fall of US tech stocks, a stronger US dollar, and depreciation of the New Taiwan Dollar, causing foreign investors to adjust their positions and focus on non-blue chips instead.
Source: YAHOO