UNDERPERFORMER: Foreign investors net sold about US$16 billion of Taiwanese stocks this quarter, the most among emerging Asian markets excluding China/ Staff writer, with Bloomberg
May 15 2021, 2:15 PM
May 15 2021, 8:40 AM
May 15 2021, 2:15 PM
(Bloomberg) Taiwan imposed restrictions on gatherings and ordered entertainment businesses to shutter operations as it raised the alert level in its capital to battle a surge in local Covid-19 infections.
(Bloomberg) Taiwan imposed restrictions on gatherings and ordered entertainment businesses to shutter operations as it raised the alert level in its capital to battle a surge in local Covid-19 infections.
Authorities encouraged people to stay at home this weekend as a record 180 new local cases were reported on Saturday. Indoor family and social gatherings in Taipei will be limited to five people, while outdoor ones will be restricted to 10, they said.
Taipei (BLOOMBERG) - Taiwan stocks slumped the most since March last year on Wednesday (May 12) 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 per cent lower after slumping as much as 8.6 per cent in morning trading, the worst intraday loss since 1969.
Having fallen 9.6 per cent from an April high, the gauge narrowly missed a technical correction. Heavyweight Taiwan Semiconductor Manufacturing Co and Hon Hai Precision Industry were among the biggest drags, down 1.9 per cent and 4.7 per cent, respectively.
The selloff marks a sharp turn for the equity index which ranked among Asia s best performers before it started to retreat at the end of April.