By: Tien Yu-pin, Han Ting-ting, Wei Shu and Frances Huang
Taipei, Aug. 21 (CNA) A plunge on the local equity market in recent sessions posted massive losses for investors, market statistics showed Friday. According to the data, equity investors in Taiwan have lost more than NT$200,000 on average so far this month.
The local equity market started a downtrend since late April and its downturn accelerated in August. So far this month, the weighted index of the Taiwan Stock Exchange fell more than 800 points or about 10 percent from a month earlier. That translated into a loss of more than NT$200,000 shouldered by each investor on average.
On Friday, the weighted index on the Taiwan Stock Exchange closed down 3.02 percent at the day’s low of 7,786.92 amid turmoil in the global equity markets stoked by concerns over weakening demand in the world. The losses sent the weighted index to a level below the 10-year moving average of 7,789 points, paving the path for further downturns, dealers said. [FULL STORY]