Taiwan shares plunge amid surge in COVID-19 cases
05/17/2021 06:05 PM
CNA file photo
Taipei, May 17 (CNA) Shares across the board in Taiwan took a beating Monday as fears mounted over a surge in COVID-19 cases and the imposition of restrictions on people's movements and business activity.
Both tech and non-tech sector stocks came under heavy pressure, while buying emerged in select biotech stocks and food suppliers on hopes that the disease will push up their sales, dealers said.
The Taiex, the Taiwan Stock Exchange's weighted index, ended down 473.20 points, or 2.99 percent, at 15,353.89, after moving between 15,159.86 and 15,719.74. Turnover totaled NT$480.19 billion (US$17.12 billion).