00:00Taiwan's stocks dropped sharply on Monday following the U.S. strikes on Iran.
00:04Taiwan's benchmark index, the Tayex, opened down 2%, plunging over 400 points before recovering somewhat.
00:11Meanwhile, oil prices across Asia surged, hitting five-month highs.
00:15The new Taiwan dollar also dropped in value on Monday.
00:18The government says it is closely monitoring the situation and will work to keep prices stable.
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