Taiwan Stock Index Sees Biggest One-Day Point Fall Over U.S. Tech Concerns
Taiwan's stock index, the TAIEX, dropped over 1,000 points on Friday, its largest single-day loss on record. It followed a rough week for AI-related stocks around the world, as investors hesitated over the future of the industry.
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00:00Taiwan's major stock index suffered its biggest ever sell-off on Friday, following on from
00:06a rout in U.S. markets. The TAIX dropped by 1,004 points, leaving it almost 11.5 percent
00:14off the all-time high reached in July. That included a 6 percent drop in the value of
00:20chip giant TSMC. Other major tech companies also came under pressure. The sell-off comes
00:26after investors began to temper their enthusiasm for the AI industry. Leading players like
00:32NVIDIA and Microsoft also performed poorly in U.S. markets.