Taiwan’s stock exchange will hold a press conference on Monday after the market closes to address growing investor concerns following a sharp market decline.
Market Decline:
- Taiwan Stocks:
- Fell over 7% during mid-morning trading.
- Tech stocks, including TSMC, saw significant declines.
Broader Impact:
- U.S. Economy and Tech Sector:
- Worries about the U.S. economy and technology sector have impacted Taiwan’s market, one of Asia’s top performers this year.
Recent Trends:
- Tokyo’s Nikkei 225:
- Plummeted by 5.18% last Friday.
- Average share price has dropped by 12.24% or 4,4017 points, reaching its lowest level since November 2023.
- Taiwan Stock Exchange:
- Experienced an 8% decline.
Major Trading Companies:
- Mitsubishi, Mitsui & Co, Sumitomo, Marubeni:
- All suffered losses exceeding 10%, erasing six months of gains in just a few days.
The upcoming press conference aims to reassure investors and stabilize the market amid these significant downturns.
