TAIEX Falls Below 40,000 Points
Foreign investors sold a net NT$91.19 billion as Taiwan’s benchmark recovered from an early 3,700-point drop.
5 Articles
5 Articles
TAIEX falls below 40,000 points
Shares in Taiwan yesterday suffered their fourth-largest single-day point loss, closing below the 40,000-point mark following an overnight sell-off on Wall Street, although the market recovered from its intraday low on hopes of government measures to support stocks.The TAIEX closed down 1,873.08 poi
Taiex closes below 40,000 in 4th-largest single-day point loss
Taipei, Nov. 6 (CNA) Taiwan shares suffered their fourth-largest single-day point loss Friday, closing below the 40,000-point mark following an overnight sell-off on Wall Street, although the market recovered from its intraday low on hopes of government measures to support stocks, dealers said.
Taiwan's stock market plunged 3,737 points in early trading on the 6th, marking its largest intraday drop in history. It closed down 1,873 points, the fourth largest closing drop in history, at 39,701 points, falling below the 40,000-point mark. Premier Cho Jung-tai has instructed the Financial Supervisory Commission (FSC) to stabilize the stock market as needed, allowing it to return to normal with the support of the public and the FSC's stabil…
Taiwan's stock market experienced a panic sell-off today (June 6th), closing down 1,873 points, marking the fourth-largest closing drop in history, at 39,701 points. The Ministry of Economic Affairs issued a confidence-boosting statement this afternoon, emphasizing that recent economic performance, including the economic growth rate, industrial production index, and import/export figures, all demonstrate strong growth momentum. Despite the stock…
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