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  • 13 hours ago
Taiwan’s benchmark Taiex fell 0.9% on Monday, the first trading day since US and Israeli strikes on Iran began, after plunging at the open and later recovering. Other major Asian markets saw steeper losses, with Hong Kong's Heng Seng down more than 2%. Investors are worried the widening conflict could disrupt global energy supplies and push oil prices higher.

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00:00Taiwan's main stock index fell Monday, the first trading day since U.S. and Israeli strikes on
00:05Iran began, though it outperformed most other Asian markets. The Thai X plunged at opening,
00:10but mostly recovered, closing down 0.9 percent. Other major Asian indexes took bigger hits.
00:16They were mostly down in afternoon trading, with Hong Kong's Hang Seng seeing the biggest drop of
00:21more than 2 percent. The sell-off is rooted in fears that the widening conflict could disrupt
00:26global energy supplies. Taiwan's cabinet held an emergency meeting on Monday morning,
00:31with financial regulators saying stock and currency volatility remain within expectations.
00:36It said it would convene response teams to tackle possible fluctuations
00:40of the price of energy and other goods.
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