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Image Credit: Bloomberg Quint

Taiwan Heads For Bear Market On First Post-Tariff Trading Day

  • Taiwan's stock index tumbled the most on record, putting it on track for a bear market as trading resumed after a holiday.
  • The benchmark Taiex fell as much as 9.8% on Monday, taking its decline from a July peak to over 20%.
  • Taiwan Semiconductor Manufacturing Co. (TSMC), which has the top weighting in the index, slid by the exchange's daily limit of 10%.
  • Concerns about geopolitical tensions and artificial-intelligence investments have weighed on Taiwan's stocks this year.

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