Taiwan shares rally as state supports; S Korean equities extend loss
BENGALURU: Taiwan stocks rallied on Monday after the government activated its stock stabilisation fund following an AI-linked selloff last week that wiped out trillions of dollars from global markets. The benchmark stock index closed up 4.9 percent, after recording its worst weekly decline since 2001 on Friday. TSMC, the world’s top contract chipmaker, rallied as much as 7.3 percent. The rebound…
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Taiwan shares rally as state supports; S Korean equities extend loss (opens Business Recorder in a new tab)
BENGALURU: Taiwan stocks rallied on Monday after the government activated its stock stabilisation fund following an AI-linked selloff last week that wiped out trillions of dollars from global markets. The benchmark stock index closed up 4.9 percent, after…
