Taiwan’s stocks continued their downward trend from the previous day, which saw news of seven local COVID-19 cases and Chen’s declaration that Taiwan had entered the community transmission stage.
By 11:20 a.m., the decline expanded as it broke the 15,200 barrier and plunged by 1,417.86 points, a new intraday trading record decline, according to CNA.
Chip giant TSMC’s stock price at one stage plummeted to NT$518 , a sharp drop of NT$53 yuan which was a decrease of 9.28 percent, and its market value shrank by NT$1.37 trillion to NT$13.43 trillion, affecting the broader market index by nearly 450 points.