Taiwan Stocks Fall as Officials Extend Soft Lockdown Island-Wide
- Further restrictions may impact world’s key chip supplier
- Taiwan’s benchmark has slumped nearly 9% from recent peak
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Taiwan’s stocks dropped after officials on Wednesday expanded pandemic-linked restrictions to the entire island to quell the recent surge in Covid-19 cases.
The Taiwan Stock Exchange Weighted Index closed 0.6% lower. The government extended soft lockdown measures like capping social gatherings and closing schools and other venues that were previously limited to the greater Taipei area. The benchmark has tumbled nearly 9% since its late April peak amid Taiwan’s worst outbreak of the coronavirus, putting it among the world’s worst performers this month.