Taiwan shares keep falling amid COVID-19 panic
05/13/2021 06:17 PM
CNA photo May 13, 2021
Taipei, May 13 (CNA) Taiwan s stock market continued a downward trend Thursday, finishing the session 1.46 percent lower amid escalating fears over a spike in domestic COVID-19 cases, but remained above the six-month moving average of 15,588 points.
The Taiwan Stock Exchange weighted index, or Taiex, ended down 232.27 points, or 1.46 percent, at 15,670.10 after moving between 15,368.54 and 16,031.93. Turnover totaled NT$568.28 billion (US$20.32 billion).
Shares continued their downward trend from the previous day, when the weighted index ended down 680.76 points, or 4.11 percent, at 15,902.37, after tumbling by more than 1,000 points in early trading amid the spike in the number of domestically transmitted COVID-19 cases.
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Taipei, May 12 (CNA) Shares in Taiwan moved sharply lower Wednesday, plummeting more than 8 percent amid a sudden rise in the number of domestically transmitted COVID-19 cases and talk of tightening restrictions before rebounding, dealers said.
The TAIEX yesterday sank by 680.76 points, or 4.11 percent, to close at 15,902.37 points, the second-
largest one-day drop after a fall of 696 points on Jan. 30 last year, amid concern over the rising number of local COVID-19 infections, analysts said.
The weighted index, which closed at 16,583.13 points on Tuesday, opened down and lost 300 points in the first 15 minutes of trading, before climbing to 16,550 points at 9:46am, Taiwan Stock Exchange (TWSE) data showed.
However, it lost its footing again, plunging 1,400 points to 15,165.27 points at 11:25am. That represented a drop of 9 percent the largest
Soldiers are deployed to disinfect China Airlines headquarters at Taoyuan International Airport. CNA photo May 2, 2021
Taipei, May 11 (CNA) China Airlines (CAL) said Tuesday that only about 10 percent of its cargo services will be affected by a government order to bring home all its pilots for a 14-day quarantine period, amid a COVID-19 outbreak among its flight crews.
In compliance with the Central Epidemic Command Center s (CECC) order on Monday, CAL said, its flight crews will be recalled and those who complete the required 14-day quarantine and test negative for COVID-19 will be deemed as safe and will be separated from the others.