The Star Bulletin - Daily News Updates

Taiwan Stock Trade

Taiwan stocks down more than 4% in mixed Asia trade as TSMC plunges 8%

Taiwan stocks down more than 4% in mixed Asia trade as TSMC plunges 8%

Taipei, April 27 (CNA) Offers in Taiwan tumbled by more than 2% Wednesday following steep misfortunes in American business sectors short-term in the midst of worries that higher interest rates and surging inflation could hurt the worldwide economy, vendors said. With tech stocks taking a beating in the US, the hardware area went under strain in Taiwan, pulled lower by contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), which shut down 3.6 percent at the day's low, they said. Kia plans to launch 14 EV models by 2027; unveils new Soul EV The Taiex, the Taiwan Stock Trade's benchmark weighted index,…
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