Here’s What Analysts Are Saying About Taiwan’s Stock Plunge
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A collapse in investor confidence, fears about a coronavirus resurgence and concern over the outlook for technology shares helped trigger a wave of panic selling in Taiwanese stocks Wednesday, according to market participants.
While some saw the move as overdone and expect the benchmark Taiex Index to recover, others pointed to its strong recent performance and suggested it could fall further to as low as 14,000. The Taiex fell as much as 8.6%, the most since 1969, amid a rush of activity in the options market.