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  • 2 hours ago
Taiwan's stock market has recovered slightly after experiencing its biggest ever intraday fall. The benchmark Taiex closed down 3.48% while bellwether TSMC narrowed its losses to 2.96%. The volatile trading day follows major tech-driven downturns in the US, alongside significant hits to markets in South Korea and Japan.
Transcript
00:00Taiwan's stock market has seen its biggest ever intraday fall, but shortly recovered.
00:06The benchmark index, the Thai X, closed down 3.48%.
00:10Market bellwether TSMC opened almost 6% down, but its losses narrowed to 2.96%.
00:18Stock markets in South Korea and Japan also took major hits in early trading.
00:23This follows major downturns in the U.S. last Friday, especially in the tech-heavy Nasdaq,
00:29which saw its biggest single-day drop in history.
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