NOT ALL BAD:AU  Optronics Corp and Innolux Corp saw their shares rebound, as they might see their orders rise if the coronavirus affects their competitors in China

Taipei Times
Date: Feb 04, 2020
By: Kao Shih-ching  /  Staff reporter

The TAIEX yesterday shed 140.18 points, or 1.22 percent, to close at 11,354.92 points, as investors’ concerns over the spread of the 2019 novel coronavirus continued to affect market sentiment.

The TAIEX fared worse than its neighboring peers. Shares in Hong Kong gained 0.17 percent yesterday, while equities in Japan dipped 1.01 percent and those in South Korea were flat.

However, the Shanghai Composite Index dived nearly 8 percent on its first day of trading after the Lunar New Year holiday.

The drop in Taipei followed a more than 600-point plunge in the Dow Jones Industrial Average on Friday last week, as well as declines on the S&P 500 and NASDAQ Composite, as the local equity market is sensitive to Wall Street’s movements, Hua Nan Securities Investment Management Co (華南投顧) chairman David Chu (儲祥生) said by telephone yesterday.    [FULL  STORY]