Taipei, April 16 (CNA) Shares in Taiwan closed below the 20,000-point mark Tuesday for the first time in almost a month in panic-led selling amid concerns over Middle East tensions and lingering inflation that could put off U.S. interest rate cuts.
The Taiex, the Taiwan Stock Exchange’s benchmark weighted index, ended down 547.81 points, or 2.68 percent, at 19,901.96 after moving between 19,844.54 and 20,365.11. Turnover totaled NT$534.91 billion (US$16.44 billion), compared with NT$488.49 billion a session earlier.
The market opened down 0.41 percent and selling of large cap stocks both in the electronics and non-tech sectors continued…
