Taiex slides on Middle East tensions|Taiwan News
Tensions in the Middle East sparked a decline in Taiwan’s capital and foreign exchange markets on Monday. The New Taiwan dollar closed down NT$0.085, at NT$32.378 against the greenback. The Taiwan Stock Exchange plunged 286 points to close at 20,449, below the 10-day moving average. Institutional investors sold a net NT$33.853 billion. Let’s hear from an analyst.
Winson Wang
Analyst
Iran attacked Israel this weekend. But it has yet to continue its assault, so the impact on Asian markets was modest today. Historically, escalations to geopolitical tensions have only a short-lived impact on markets. Over the medium to long run, markets return to the economic fundamentals.
Experts say the impact of the Middle East will be temporary. Tech stocks fell sharply on Monday, with TSMC seeing a flurry of sell orders at the close. The chipmaker closed down NT$12 at NT$806, losing NT$311.2 billion in market cap. The tumble comes ahead of an eagerly anticipated earnings report, during which TSMC is expected to release positive signals about the smartphone, PC, and artificial intelligence markets.
For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53
#台灣新聞 #TaiwanNews #民視新聞 #FTV新聞 #Taiwan
Видео Taiex slides on Middle East tensions|Taiwan News канала 民視英語新聞 Taiwan News Formosa TV
Winson Wang
Analyst
Iran attacked Israel this weekend. But it has yet to continue its assault, so the impact on Asian markets was modest today. Historically, escalations to geopolitical tensions have only a short-lived impact on markets. Over the medium to long run, markets return to the economic fundamentals.
Experts say the impact of the Middle East will be temporary. Tech stocks fell sharply on Monday, with TSMC seeing a flurry of sell orders at the close. The chipmaker closed down NT$12 at NT$806, losing NT$311.2 billion in market cap. The tumble comes ahead of an eagerly anticipated earnings report, during which TSMC is expected to release positive signals about the smartphone, PC, and artificial intelligence markets.
For more Taiwan news, tune in:
Sun to Fri at 9:30 pm on Channel 152
Tue to Sat at 1 am on Channel 53
#台灣新聞 #TaiwanNews #民視新聞 #FTV新聞 #Taiwan
Видео Taiex slides on Middle East tensions|Taiwan News канала 民視英語新聞 Taiwan News Formosa TV
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15 апреля 2024 г. 19:23:40
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