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Taipei, Aug. 18 (CNA) Taiwan shares took a beating Wednesday morning, falling more than 200 points at one point, after markets in the United States tumbled overnight on disappointing retail sales data, dealers said.
El Ibex, ante el reto de conquistar los 8 900 puntos con los nuevos visos de optimismo económico expansion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expansion.com Daily Mail and Mail on Sunday newspapers.
Taiwan shares under pressure across the board
07/28/2021 12:10 PM
CNA file photo
Taipei, July 28 (CNA) Taiwan shares took a beating Wednesday morning, falling 370 points at one point, as selling was seen across the board amid worries over volatility in the global market and the selling of shares by foreign institutional investors, dealers said. The market was driven by panic-led selling soon after it opened after the U.S. markets fell overnight, MasterLink Securities analyst Tom Tang said.
The tech-heavy Nasdaq index fell 1.21 percent Tuesday and the Philadelphia Semiconductor Index fell 1.86 percent.
As of 11:35 a.m., the weighted index on the Taiwan Stock Exchange (TWSE) had fallen 168.53 points, or 0.98 percent, at 17,101.34, off a low of 16,893.70, on turnover NT$407.18 billion (US$14.54 billion).
Taiwan shares under pressure on U.S. plunge
07/20/2021 11:50 AM
CNA file photo
Taipei, July 20 (CNA) Taiwan shares came under pressure Tuesday morning after the Dow Jones Industrial Average plunged by more than 700 points amid fears over the global spread of the Delta variant of COVID-19, dealers said.
The downturn in Taiwan was limited, however, because of the resilience of some tech heavyweights, they said.
As of 11:43 a.m., the Taiex, the Taiwan Stock Exchange s (TWSE) benchmark weighted index, had fallen 198.31 points, or 1.11 percent, to 17,590.94, after hitting an early low of 17,563.31. Turnover was NT$307.43 billion (US$10.98 billion). The local market took a beating in the previous two sessions, led by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) because of its disappointing second quarter results, MasterLink Securities analyst Tom Tang said.