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Taiwan Stocks Sink Most in 14-Months on Virus Woes, Tech Rout

Taiwan Stocks Sink Most in 14 Months on Virus Woes, Tech Rout Bloomberg 1 hr ago Moxy Ying and Cindy Wang (Bloomberg) Taiwan stocks slumped the most since March last year as concern over further tightening of coronavirus-linked restrictions and a global tech selloff spooked investors. The Taiwan Stock Exchange Weighted Index finished the session 4.1% lower after slumping as much as 8.6% in morning trading, the worst intraday loss since 1969. Having fallen 9.6% from an April high, the gauge narrowly missed a technical correction. Taiwan Semiconductor Manufacturing Co., which has a 30% weighting in the benchmark, settled 1.9% lower after tanking as much as 9.3%. © Bloomberg

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