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Taiwan Stocks Fall 5.8 Percent In Afternoon Trade

The Taiex index was down 1,074.32 at 17,385.63.


 

Taiwan stocks fell 5.8 percent in afternoon trade Wednesday, as US President Donald Trump’s far-reaching tariffs took effect.

The Taiex index was down 1,074.32 at 17,385.63, despite the government activating a US $15 billion stabilisation fund to calm the market.

 

READ ALSO: Japan’s Nikkei Dives, Yen Rallies As US Tariffs Bite

AFP