Industry

Taiwan Shares Close Down 3.76%

Taipei: Taiwan shares ended down 1,564.18 points, or 3.76 percent, at 40,039.18 Wednesday on turnover of NT$1.08 trillion (US$33.46 billion).

According to Focus Taiwan, the market experienced a significant drop, affecting investor sentiment and rai…

Taiex Rebounds to 40,000 Points Amid AI Spending Concerns

Taipei: Shares in Taiwan rebounded to the 40,000-point level by the close of trading Wednesday after late bargain hunting. Despite this recovery, the Taiex still posted a significant decline of over 1,500 points due to ongoing concerns about heavy inv…

Taipei: Shares in Taiwan plunged again Wednesday morning, with Taiwan’s benchmark index falling below the 40,000-point mark as large tech stocks came under heavy pressure amid growing concerns over large AI investments, dealers said.

According to Focus Taiwan, as of 11:53 a.m., the Taiex had fallen 1,830.55 points, or 4.40 percent, to 39,772.81, while the bellwether electronics index had fallen 5.08 percent. The last time the Taiex closed below 40,000 points was April 30. Dealers …