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Taiwan urges investors to stay calm as stocks including TSMC fall

Channel News Asia LogoChannel News Asia1 mo ago

Taiwan urges investors to stay calm as stocks including TSMC fall

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TAIPEI :Taiwan's economic fundamentals are good and investors should remain calm and rational, and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after a large fall in share prices including by top chipmaker TSMC.

Taiwan's benchmark stock index closed down 3.

A significantly weaker-than-expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning towards a down cycle.


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Article Details

Category: Economy

Topics: Taiwan Cent Good Market Economic Demand Juan Global Stock Fundamentals Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 13:51:45

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 603 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 24729

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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