Taiwan Stocks Fall 1077 Points to Close at 45479, Losing Monthly Line

(CNA Reporter Chung Jung-feng Taipei, July 7) Japanese and Korean stock markets plunged, and selling pressure emerged on high-priced blue-chip stocks. The Taiwan stock market index fell sharply after 11 a.m. today. The rebound in the afternoon was limited, and the market closed down 1077.28 points at 45479.11, falling below the 46000-point level, the 10-day moving average of approximately 46057 points, and the monthly moving average of 45710 points.

The Taiwan stock market opened lower and fluctuated downwards today. The intraday low fell by 1124 points to 45432 points. Only the financial and biotechnology sectors showed resilience. Most thousand-dollar high-priced stocks were in the red, and passive components were in a deep slump. The broader market closed down 1077 points.

The Taiwan stock market's closing decline was 2.31%, with a transaction value of NT$1.169627 trillion. TSMC, the leading foundry, closed at 2440 yuan, down 20 yuan, a decrease of 0.81%. (Editor: Yang Kai-hsiang) 1150707

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