The Taiwan stock market has moved lower in three straight sessions, plunging almost 3,000 points or 6.7 percent along the way. The Taiwan Stock Exchange now sits just above the 43,500-point plateau although it may find renewed support on Tuesday. The global forecast for the Asian markets is cautiously optimistic on bargain hunting, with support expected especially among the technology and oil sectors. The European markets were soft and the U.S. bourse were mostly higher and the Asian markets figure to follow the latter lead. The TSE finished sharply lower on Monday with damage across the board, especially among the technology companies. For the day, the index tumbled 1,568.16 points or 3.48 percent to finish at 43,502.78 after trading between 42,376.86 and 44,507.49. Among the actives, Cathay Financial stumbled 5.00 percent, while Mega Financial slipped 1.79 percent, CTBC Financial skidded 1.80 percent, First Financial dipped 0.68 percent, Fubon Financial retreated 1.69 percent, E Sun Financial contracted 1.35 percent, Taiwan Semiconductor Manufacturing Company gave up 2.96 percent, United Microelectronics Corporation cratered 7.98 percent, Hon Hai Precision slumped 5.27 percent, Largan Precision dropped 3.94 percent, Catcher Technology tumbled 4.56 percent, MediaTek tanked 5.35 percent, Delta Electronics lost 1.96 percent, Novatek Microelectronics shed 3.86 percent, Formosa Plastics cratered 6.24 percent, Nan Ya Plastics plunged 6.70 percent and Asia Cement fell 1.89 percent. The lead from Wall Street suggests mild upside as the major averages opened higher on Monday but faded as the day progressed, with the Dow slipping into the red.
The Dow shed 80.77 points or 0.16 percent to finish at 50,786.01, while the NASDAQ jumped 220.23 points or 0.86 percent to close at 25,929.66 and the S&P 500 added 21.99 points or 0.30 percent to end at 7,405.73.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.