Taiwan Stocks Fall 12.2% in a Week; Short-Sale Limits and Stabilization Fund Set for the 9th
· 1 sources
BigGo Finance reports Taiwan's market dropped 5,510 points in one week, and short-selling restrictions and a national stabilization fund are to start on the 9th.
What happened
BigGo Finance reports that the Taiwan stock market suffered a sharp decline last week, falling 5,510 points in a single week. That represents a drop of 12.2%.
According to the outlet, the index closed at 39,701.64 on the 6th. It also says short-selling restrictions and the National Stabilization Fund are to be deployed together on the 9th.
The report lists Taiwan Semiconductor Manufacturing (TSM) among the stocks involved. The source description provided to ATLAS does not give further details.
Context
Taiwan's market has a heavy weighting in large semiconductor companies, and authorities have in the past used tools such as trading restrictions and state-backed funds during periods of market stress.
Why it matters
A drop of this size and the announced measures may draw attention to Taiwan-listed companies such as Taiwan Semiconductor Manufacturing and to market conditions in the region.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$375.44+6.33% vs. previous close ($353.10) · November 6
Fair value (ATLAS)
$198.84Fair range: $139.96 to $305.42The price ($375.44) is 88.8% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $338.26 and $410.61; 9 in 10, between $284.86 and $487.59.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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