Taiwan Stocks Fall 5% in Chip Selloff; Government Keeps Stabilization Fund on Alert
Taiwan stocks fell as much as 5% in a broad market selloff, extending a multi-day decline that included a 3.7% drop in the benchmark index during the previous session. The latest slide comes as worries about a continuing chip downturn intensify.
Following the selloff, a government ministry stated it will keep tracking market conditions and financial regulator actions. The statement confirms the state stabilization fund remains on alert to monitor volatility without committing to immediate intervention.
From the sources (10 posts)
@cryptorover🚨 KOREAN MARKETS ARE CRASHING AGAIN ₩165 TRILLION has been wiped out from Korean stocks in the last 90 minutes.
@financialjuiceTaiwan stocks slide over 3%
@firstsquawkTaiwan Equities Fall More Than 3% in Broad Selloff
@firstsquawkTaiwan Equities Tumble 3.7% Amid Broad Market Weakness
@financialjuiceTaiwan stocks fall more than 2%
@firstsquawkTaiwan stock market drops more than 2% as shares move lower.
@financialjuiceTaiwan shares fall over 3%
@firstsquawkTaiwan's benchmark stock index drops over 3% amid market weakness.
@firstsquawkTaiwan's state stabilization fund to keep tracking market conditions and financial regulator actions, ministry says.
@financialjuiceTaiwan stocks fall 5% as chip downturn intensifies