Taipei, April 15 (CNA) Shares in Taiwan closed down more than 250 points on Monday, mirroring losses in other Asian markets following an Iranian drone and missile attack on Israel over the weekend that sparked fears of a regional war.
Aside from the Middle East tensions, additional corrections could cut more of the market’s recent gains in the short term, though its fundamentals and long-term outlook remain strong, analysts said.
The Taiex, the Taiwan Stock Exchange’s benchmark weighted index, ended down 286.8 points, or 1.38 percent, at 20,449.77 on turnover totaling NT$478.32 billion (US$14.78 billion).
By industry, the electronics sector…
