Taiwan stock market falls after five-day winning streak, influenced by tariff concerns and oil prices

From Nasdaq: 2025-05-05 20:00:00

The Taiwan stock market ended lower on Monday after a five-day winning streak, with the Taiwan Stock Exchange falling 1.23 percent to close at 20,532.99 points. Financial and technology stocks saw losses, while plastics companies offered support. The global market forecast for Asian markets is soft due to tariff concerns and decreasing oil prices. In the US, the Dow dropped 0.24 percent, the NASDAQ fell 0.74 percent, and the S&P 500 sank 0.64 percent. Crude oil futures hit a four-year low after OPEC+ agreed to increase oil production. President Trump’s announcement of a 100 percent tariff on foreign movies also impacted market sentiment.



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