Taiwan stocks tumble following Wall Street’s 5th consecutive weekly decline Friday

Taiwan’s Capitalization Weighted Stock Index (TAIEX) fell more than 300 points (2.19%) Monday after US markets marked a bearish 5-week-long losing streak Friday. Affected by high inflation, rising interest rates, and declines in corporate profits, Taiwan stocks fell to an almost one year low at prices not seen since May 21 last year. The TAIEX opened at 16,345.8, 62 points down from Friday’s close, and tumbled more than 200 points in early trading. After a brief rebound the decline continued

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Taiwan stocks tumble following US market rout on tech shares

The Taiwan Stock Exchange Weighted Index (TAIEX) fell almost 500 points, breaching the 16,000 barrier to close at 15,953 points, a drop of 3.03% from the yesterday’s close of 16,452, falling below the 5-day, 10-day, and monthly moving average on the last day of trading for the month today, Friday, February 26. The trading day saw a large volume sell-off in late trading, including a single transaction that saw 34,323 shares of TSMC (TWSE: 2330) shares sold worth a total

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Taiwan stocks, company revenues reach record highs: investors hope for bullish Year of the Ox

The Taiwan Stock Exchange is closed for the Lunar New Year holidays after finishing the Year of the Rat at a record high of 15,802 points, and record company revenues are boosting investor confidence for a bullish Year of the Ox. The TWSE closed Friday, February 5, 3,683.69 points (30.4%) up from the close of trading the previous year – the Year of the Pig. As company revenue reports flood in, investors are seeing record sales, revenues, and profits, on

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