Taiwan stocks fall 8.4% on tech sector fears, more weakness forecast

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(Corrects spelling of economy minister's name in last paragraph to J.W.Kuo.)By Faith Hung and James PomfretTAIPEI :Taiwan stocks plunged a record 8.4 per cent on Monday, with tech stocks including TSMC sliding as investors spooked by a poor outlook for the U.S.

Some analysts said the fundamentals for TSMC had not changed even amid market talk that the firm's delivery of Nvidia's new GB 200 chips would be delayed.

In a bid to calm investors, the stock exchange chief said the bourse would work with regulators to maintain stability.

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Article Details

Category: EconomyBusiness

Markets: SingaporeTaiwanUnited States

Topics: Exchange Taiwan Fall Stocks Investors Stock Tech Cent Market Decline Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-05 @ 14:45:47 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21930588

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