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Taiwan Stocks Drop 3.6% on AI Spending Worries
Foreign investors sold NT$107.31 billion as electronics and chip stocks led a broad market rout, with turnover hitting NT$928.06 billion, the exchange said.
Credit: Unsplash - Anne NygardTaiwan's benchmark Taiex sank 3.59% in its seventh-biggest single-session point decline, as a slump in US technology shares overnight spread to Taipei.
On the morning of the 6th, the TAIEX index, a benchmark index in Taiwan's stock market, plummeted by approximately 9% at one point. According to Taiwanese media, this was the largest intraday drop in history. Taiwan Semiconductor Manufacturing Company (TSMC) also hit its daily limit down at one point.