Taiwan Stock Exchange suffers record intraday plunge

The Taiwan Stock Exchange experienced a historic intraday crash on November 6, with the weighted index dropping by more than 3,737 points. This decline marked the largest single-day intraday point drop in the history of the market, causing the index to fall below the 40,000 mark.

The market downturn followed a significant slump in US markets after the midterm elections. Major semiconductor and memory stocks, including TSMC and Nanya Technology, faced heavy selling pressure. The volatility has caused widespread distress among local investors, with several public figures expressing their financial losses on social media.