The Taiwan Stock Exchange released a press statement on Monday, announcing that the country's circulation-weighted stock price index concluded at 19,830.88 points, slumping by 1,807.21 points. This drop accounts for 8.35% of the index, marking its largest daily percentage fall ever recorded.
"Investors should be prudent and rational in light of the recent volatility of the Taiwan stock market. If necessary, the stock exchange will take various measures to stabilize the market," the exchange added.
Asian markets appeared to follow suit with Wall Street's selloff on Friday, seemingly influenced by the poor economic data from the United States and the tense situation in the Middle East.
