Reported 8 months ago
Taiwan’s stock market fell by 440 points on June 24th, with a daily decline of 1.89%, leading to a cumulative decline of over 2.5% in two trading days. The value of Taiwan stocks held by life insurance companies fluctuated accordingly. The net worth of the six major life insurers is estimated to decrease by nearly 300 billion in just two trading days, affecting over 600 billion in total. The overall impact due to the recent stock market volatility may range from 800 to 900 billion, depending on factors such as currency exchange rates and hedging costs.
Source: YAHOO