2024/4/16 14:19 (updated at 4/16 18:57)
The Taipei stock market opened lower on the 16th and closed down 547.81 points to 19901.96 points, a decrease of 2.68%, with a transaction volume of NT$534.908 billion.Photo by Central News Agency reporter Zhang Haoan on April 16, 113
(Central News Agency reporter Zhang Jianzhong, Taipei, 16th) Tensions in the Middle East have affected market confidence. Taiwan stocks have fallen across the board, with electronics, financial and traditional industry stocks falling. The index fell 547.81 points, back to 19,900 points. The legal person said that changes in the situation in the Middle East are the key to affecting the market outlook for Taiwan’s stocks. Only when the tension in the Middle East eases will it help stabilize the international stock market and Taiwan’s stocks.
The weighted index of Taiwan stocks closed at 19901.96 points, down 547.81 points, or about 2.68%, with a transaction value of NT$534.908 billion.
TSMC’s stock price weakened, falling below the 800 yuan mark and closing at 788 yuan, down 18 yuan. The market value dropped to 20.43 trillion yuan, affecting the market by 146 points. Electronic weight and high-priced stocks fell one after another. Hon Hai closed at 141 yuan, down 5 yuan, MediaTek closed at 1,055 yuan, down 55 yuan; Xinhua fell 100 yuan, closing at 3,015 yuan, and the overall electronics stock index fell 2.78%.
Traditional industrial stocks fell across the board. The cement stock index fell 0.55%, which was relatively resilient. The other food, plastics, textile, papermaking, rubber, construction, tourism and other stock indexes fell by more than 2%. The mechanical and electrical, cable, automobile and shipping stock indexes fell by more than 2%. It fell more than 3%, and the financial stock index fell more than 2%.
Analyst Jian Boyi said that due to the tension in the Middle East, market confidence has been shaken, and investors have chosen to stop profits and losses, causing Taiwan stocks to decline with volume today.
Chan Boyi said that the Taiwan stock index has broken through the 20,000-point mark, and the multi-party structure has changed. Amid hidden systemic risks, investors should be cautious. Subsequent changes in the situation in the Middle East will continue to affect the international stock market and the market outlook for Taiwan stocks. (Editor: Zhang Junmao) 1130416
Further reading
Taiwan stocks plummeted 547 points, hitting their biggest drop in 18 months, with 1.73 trillion yuan in market value wiped out.
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