Taiwan Stocks Drop Nearly 600 Points Mid-day, Testing Monthly Support Line; Memory Stocks Plummet

AI Summary (NQ-processed)

Influenced by declines in major U.S. stock indices, the Taiwanese stock market opened lower on the 19th, with the intraday drop extending to nearly 600 points, testing the monthly support line. Major stocks like TSMC and MediaTek were weak, and the memory sector plunged due to a sharp fall in Micron's stock price, with Nanya Technology and Winbond Electronics falling over 9%. In contrast, telecom stocks became a safe haven, and smart glass concept stocks rose on expectations for the Google I/O conference.