Taiwan shares plunge on global market volatility

The hina Post
Date: June 14, 2016

TAIPEI–Shares in Taiwan took a beating to close below the 8,600-point mark Monday, reflecting p05cvolatility in global financial markets caused by fears that the United Kingdom will vote to exit the European Union later this month, dealers said.

Selling appeared across the board, with large-cap stocks, such as Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), leading the downturn, dealers said.

The weighted index on the Taiwan Stock Exchange closed down 179.26 points, or 2.06 percent, at 8,536.22, after moving between 8,520.21 and 8,634.24, on turnover of NT$80.20 billion (US$2.48 billion).

Steep Falls in European Markets

The market opened down 0.93 percent in reaction to steep falls in European markets at the end of last week after a poll in the British online newspaper, the Independent, showed 55 percent of respondents saying they would vote for the UK to exit the EU.     [FULL  STORY]

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