Turnover on the main board was NT$209.379 billion (US$6.93 billion), with foreign institutional investors selling a net NT$33.35 billion in local shares, the data showed. A computer screen displays a graph of TAIEX transaction volume at a stockbroker in Taipei yesterday. Formosa Petrochemical Corp (台塑石化) shares dropped 3.98 percent to NT$70 and Formosa Plastics Corp (台灣塑膠) declined 2.98 percent to NT$78.2. “Bearish or not, you can say that the local market is going through a difficult time. “People are eager to know when the outbreak would be contained, but a rate cut will not provide an answer,” Chu said.

Source: Taipei Times March 16, 2020 15:56 UTC