Taipei, July 6 (CNA) Shares in Taiwan plunged by 294.26 points to 16,762 on turnover of NT$346.668 billion (US$11.069 billion) Thursday, in part due to NT$38.724 billion of net selling by foreign institutional investors.
Taipei, March 15 (CNA) Shares in Taiwan took a beating Tuesday, falling more than 300 points on the back of heavy losses on the U.S. markets overnight and an expected Federal Reserve rate hike this week.
May 18, 2021
A Taiwan country-specific exchange traded fund surged Tuesday, with Taiwanese equities enjoying their best day since March last year, as a rebound in technology stocks helped lift the island country’s market.
Among the top performing non-leveraged ETFs of Tuesday, the
iShares MSCI Taiwan ETF (EWT) increased 5.5%, paring back some of its recent losses. EWT had declined 9.8% over the past week.
The iShares MSCI Taiwan ETF includes a hefty 58.8% tilt toward the technology sector, with a large 19.6% position in Taiwan Semiconductor Manufacturing.
Taiwanese markets bounced back after retreating Monday in response to the government’s decision to enact shutdown measures to restrict its worst outbreak of the Covid-19 pandemic. Taiwan’s Taiex benchmark has pulled back nearly 10% since the end of April after a surge in untraceable Covid-19 cases fueled concerns over the strength of the island’s economic recovery, Bloomberg reports.
Taiwan warns of rising COVID-19 risk, stocks tank theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Wednesday, 12 May 2021 11:37 AM MYT
Customers wear protective masks to prevent the spread of the coronavirus disease (Covid-19) while shopping at a market in Taipei, Taiwan, January 10, 2021. Reuters pic
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TAIPEI, May 12 Taiwan may raise its Covid-19 alert level in the “coming days”, Health Minister Chen Shih-chung said on Wednesday, warning of an extremely serious situation on the island which has so far controlled the pandemic well, sending the stock market tanking.
On Tuesday, Taiwan announced plans to restrict public gatherings as a result of a cluster of six new cases with no clear infection source, an unusual outbreak for the island that had kept a tight lid on community outbreaks.