Market Turmoil Hits Tech Stocks as Major Investors Dump Shares

Reported 3 months ago

On July 17, 2024, Taiwan's stock market fell by 227.43 points, closing at 23,769.82, marking a 0.95% decline. Major institutional investors collectively sold off NT$41.89 billion worth of shares, with the highest being Nanya Technology, which saw a massive sell-off of 27,396 shares. Additionally, the mention of protecting Taiwan's semiconductor industry by former US President Trump influenced the market, leading to a 2.37% drop in TSMC shares. The overall trend raised discussions online about the impact of such market fluctuations on smaller stocks.

Source: YAHOO

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