Taiwan Stocks See Second-Largest Intraday Gain; Union Securities Reports System Glitch

(Central News Agency, reporter Tseng Jen-kai, Taipei, June 12) Following U.S. President Trump's announcement of canceling plans to strike Iran, U.S. stocks rallied on Thursday. Taiwan's stock market surged as much as 1,649 points in early trading on Friday, marking the second-largest intraday gain in history. Amid this surge, a securities firm reported a system anomaly. The Taiwan Stock Exchange announced that Union Securities discovered a system anomaly at 8:30 a.m. today. The company is undergoing emergency repairs and has advised investors to use alternative order methods. Taiwan's stock market has been hitting new highs and seeing record trading volumes this year, with increased volatility recently posing a major challenge to securities firms' information systems. On Monday (June 9), the market plunged nearly 2,700 points at the open, causing multiple securities firms to experience issues with their order systems or apps, including login difficulties, system congestion, and price quote delays. (Editor: Chang Chun-mao) 1150612