Taiwanese stocks triggered a circuit breaker after experiencing a steep decline of nearly 10% on Monday, marking the first trading session since President Donald Trump unveiled new import tariffs last week.
The head of Taiwan’s stock exchange indicated that additional stabilization measures would be implemented if necessary to counter the market volatility.
Following a two-day market closure on Thursday and Friday, Taiwan’s benchmark index opened on Monday and immediately tumbled to its lowest point in over a year. In response to this turmoil, Taiwan’s chief financial regulator announced on Sunday that temporary restrictions on short-selling would be enforced throughout the week as a preemptive measure to mitigate further turmoil resulting from the tariffs.
Notably, shares of key Taiwanese companies such as chipmaker TSMC and electronics giant Foxconn saw declines close to 10%.
