(6 Feb 2018) Taiwan’s stock market tumbled 4.95 percent on closing Tuesday in reaction to sharp drop in the Dow Jones Industrial Average.
Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than 7 percent, but investors seemed to be taking the gyrations in stride.
All regional bourses were battered a day after the Dow Jones industrial average suffered its worst percentage decline since August 2011 and its biggest point drop ever.
The Dow finished down 4.6 percent at 24,345.75. The Standard & Poor’s 500 index, the benchmark most professional investors and many index funds use, sank 4.1 percent, to 2,648.94.
That was its biggest loss since August 2011, when stocks were reeling as investors fretted over European government debt and the U.S. credit rating was downgraded after the debt ceiling impasse.
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Taiwan’s stock market tumble almost 5 percent on closing