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.

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.)