Taiwan shares plummet by 4.51% to end day below 40,000-point mark｜Formosa English News

Bilingual text here: https://english.ftvnews.com.tw/news/2026B06W06EA?utm_source=youtube&utm_medium=description 雙語文字版: https://english.ftvnews.com.tw/news/2026B06W06EA?utm_source=youtube&utm_medium=description Our official website: ➔ https://english.ftvnews.com.tw/ Follow us on Facebook: ➔ https://www.facebook.com/ftvformosanews X (Twitter): ➔ https://x.com/FTV_Taiwan_News Taiwan shares saw their biggest ever intraday drop on Friday. The Taiex plummeted by a whopping 3,737 points during the trading session, pushing the index below the 12-month moving average. Even bellwether stocks such as TSMC hit limit-down. Though bargain hunters stepped in and eased the selling pressure, the market still closed with losses across the board. Taiwan shares ended the day down 1,873 points or 4.51%, falling below the 40,000-point mark. TSMC shares also closed down, at N$2,135, or 4.69%. Taiwan shares have been on a downward slope for six days now, accumulating almost 5,500 points in losses. The president and the premier weighed in on the matter. Let’s hear from them. Lai Ching-te President The mid-term elections in the US have just wrapped up, and that has created a new political landscape. A reaction from financial markets is to be expected. The world is entering the era of AI. That’s something that won’t change, which means that Taiwan’s tech industry will continue to develop. That’s what we can expect. I urge everyone to not panic because of these changes in the market. Cho Jung-tai Premier This morning I instructed the Financial Supervisory Commission to monitor developments in international and domestic markets. Only last month, Taiwan shares hit a record high of 49,968 points on Oct. 6. Since then, the market has plunged 20.55%. With investor confidence shaken, the government’s NT$500 billion National Stabilization Fund is now on standby, should it need to shore up the market next week. If so, it will mark the fund’s 10th intervention since its establishment in 2000. Except for its first intervention, which ended in losses, the fund has recorded gains and exited the market profitably eight times. For more Taiwan news, tune in: Mon to Fri at 9:30 pm on Channel 152 Tue to Sat at 1 am on Channel 53 #taiwanshares #stock #losses #financialmarket #taiex #台灣新聞 #FormosaEnglishNews #民視新聞 #FTV新聞 #Taiwan