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TAIEX tumbles 3.59% as NT dollar falls

2026-11-04

SPILLOVER: With foreign capital continuing to leave the market, traders expect the NT dollar, which fell NT$0.168, to face further depreciation pressure, an analyst said Taiwanese stocks yesterday plunged 3.59 percent, with the TAIEX recording its seventh-largest single-day point loss, while the New Taiwan dollar slid to a more than 18-month low against the US dollar, as a global technology sell-off and accelerating foreign fund withdrawals battered local financial markets. The benchmark TAIEX fell 1,612.6 points to close at 43,307.54, with turnover reaching NT$928.058 billion (US$28.33 billion) and more than 1,000 listed stocks declining. Concerns over returns on massive artificial intelligence (AI) investments have triggered a global retreat from technology shares, particularly US chipmakers, while uncertainty surrounding US midterm elections has added to investor caution. In Asia, the