Reported 8 months ago
TSMC led the decline in Taiwan's stock market, with a 3.09% drop to NT$940, causing the stock market to plummet by 439 points to close at 22,813 points, the third largest drop this year. The market struggled above 23,000 points and faced a correction due to weakening US stocks and profit-taking. TSMC's buyback program and the overbought status of the market serve as indicators for caution and suggest a cooling-off period before investing.
Source: YAHOO