Taiwan's main stock index plunged by over 600 points, one of the biggest drops in the country's history. The drop is thought to have been caused by U.S. President Joe Biden's decision to exit the race for reelection, as well as recent comments by his rival Donald Trump about U.S. defense support for Taiwan.
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00:00Taiwan's stock market has taken a major hit, with shares plummeting over 600 points.
00:05It's one of the largest drops in the country's history and follows a resurgence in U.S.
00:10stock markets after losses last week. Tech and electronic stocks led the downturn in Taiwan.
00:16Investor sentiment is thought to have been affected by U.S. President Joe Biden's decision
00:20to end his bid for re-election, and recent comments by Republican party nominee Donald
00:25Trump about Taiwan. Trump said Taipei should pay Washington for U.S. defense help.