Taiwan's Stock Exchange to Address Market Plunge
Taiwan's stock exchange will hold a press conference to address investor fears following a significant drop in the market, spurred by concerns over the U.S. economy and technology sector. Taiwan stocks saw a decline of over 7% in mid-morning trade, impacting significant tech stocks like TSMC.
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Taiwan's stock exchange will hold a press conference on Monday after the market close to address investor fears following a significant market plunge, sources said. The decline was triggered by broader concerns about the U.S. economy and the technology sector.
Taiwan stocks experienced a steep fall of over 7% in mid-morning trade. Major technology stocks, including TSMC, were among the hardest hit as investors rapidly offloaded shares in one of Asia's best-performing markets this year.
The press conference aims to provide clarity and reassurance to investors amidst the ongoing market volatility.
(With inputs from agencies.)
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