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Taiwan's Stock Crash Deepens as Traders Unwind Leveraged Bets


Taiwan’s Stock Crash Deepens as Traders Unwind Leveraged Bets
Bloomberg
2 hrs ago
Sofia Horta e Costa
(Bloomberg) Taiwan stocks sank for a third day in volatile trading, extending a rout that’s triggered the fastest liquidation of leveraged positions since 2018.
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The Taiex closed 1.5% lower at 15,670.10 points, taking its decline from the April 27 peak to 11%, a technical correction. Over the past four days, the benchmark lost 9.3% on concerns over further tightening of coronavirus-linked restrictions. It briefly pared losses on Thursday morning after Apple Daily reported that the government sees a lower chance of raising the Covid-19 alert level. ....

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Taiwan Stock Crash Shows World Dangers of Too Much Leverage


Taiwan Stock Crash Shows World Dangers of Too Much Leverage
Bloomberg
3 hrs ago
Sofia Horta e Costa and Cindy Wang
(Bloomberg) Few things evoke fear in equity markets like a margin call. On Wednesday that fear turned into panic in Taiwan, offering another warning for the world on what can happen when leverage unwinds.
The trading day started out quiet in Taipei’s $2 trillion stock bourse. But before the morning was over, the local benchmark index had plummeted almost 9% in the worst one-day performance in its 54-year history.
There were reasons to sell. New data showed a worsening Covid-19 outbreak in an island where almost no one is vaccinated. A deepening slump in global tech shares also undermined the appeal of a market dominated by the industry. But the swiftness of the plunge that followed suggests bigger forces were at play. ....

T Ai Pei , United States , Donald Trump , Paul Cheng , Kevin Lee , Bloomberg Taiwan , Archegos Capital Management , Country World Index , President Donald Trump , Bloomberg Market , டி ஐ பேய் , ஒன்றுபட்டது மாநிலங்களில் , டொனால்ட் துருப்பு , பால் செங் , கெவின் லீ , ப்ளூம்பெர்க் டைவாந் , நாடு உலகம் குறியீட்டு , ப்ரெஸிடெஂட் டொனால்ட் துருப்பு , ப்ளூம்பெர்க் சந்தை ,