Taiwan Stocks Slide to Correction as Investors Brace for Tariffs
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Taiwan’s battered stock market came under pressure from a tariff-fueled selloff on Monday, dragging its benchmark down more than 10% from a recent high — what traders call a technical correction.
The Taiex closed down 4.2% as investors across markets dumped stocks in anticipation of US President Donald Trump’s next round of tariffs. Taiwan Semiconductor Manufacturing Co., MediaTek Inc. and Hon Hai Precision Industry Co were among the biggest drags, but almost all stocks in the index were lower, according to data compiled by Bloomberg.