TAIPEI (Taiwan News) – For the day, shares in the Taiwan stock market suffered a losing streak of 4.65 percent -- or 212.75 points -- decline, closing at 4366.87 points on turnover of NT$35.87 billion.
Shares plummeted sharply by 278.29 points as it opened today as the 7 percent limit took effect beginning today after two weeks of halving the downward limit to 3.5 percent by the Financial Supervisory Commission (FSC).
Mass sell-off pressures were seen in today's trading as the FSC decided to resume the standard 7 percent limit-down effective today.
The world stock forecast shows a negative picture of the stock shares in Asia for the Asian stocks will continue to be depressed as bourses around the world are plummeting on soaring fears of a deep global recession. As a result, investors generally opt for liquidating their assets as economic conditions deteriorate.
by Taiwan News, Website Editorial Staff
