Taiwan Stocks Close Down 606 Points, Recover 45,000 Level; Memory Chip Stocks Weak
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Taiwan's stock market experienced a volatile session on the 5th. The market plunged as much as 1,467 points in early trade, breaking below the 10-day moving average support, before staging a rebound of over 1,200 points as electronics heavyweights recovered. The TAIEX closed at 45,070.94 points, down 606.52 points, or 1.33%, on a massive turnover of approximately NT$1.2294 trillion. TSMC closed at NT$2,365, down NT$20. Memory chip stocks were notably weak.