Domestic shares plunge 4.33% over COVID-19 scare - News Summed Up

Domestic shares plunge 4.33% over COVID-19 scare


Domestic shares plunge 4.33% over COVID-19 scareStaff writer, with CNAThe TAIEX plunged again yesterday after the WHO upgraded the status of the COVID-19 outbreak to a pandemic, ending 471.43 points lower, or 4.33 percent, to close at 10,422.32. Turnover totaled NT$270.063 billion (US$8.96 billion), with 103.778 million shares changing hands. A man stands in front of an electronic display board at a brokerage firm in Taipei yesterday. With the COVID-19 pandemic rapidly worsening in the US and Europe, global stock markets have been overcome by a growing panic. As a result, the domestic market might continue to sink in the short-term, testing 10,000 points, analysts said.


Source: Taipei Times March 12, 2020 15:56 UTC



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