Taiwan stocks slide as trading volume hits a low for the year
Taiwan's market fell on Monday with the thinnest trading since early April, a cautious sign for investors as buyers stay on the sidelines.
- The main index dropped nearly 462 points to close around 44,762, with big electronics stocks leading the fall.
- Trading volume was the lowest since April, a sign people are waiting rather than buying.
- Weak Korean stocks and worries about global events kept the mood cautious.
- Foreign investors were heavy sellers, while local funds bought a small amount.
- Analysts still call the uptrend intact, since the index bounced off its quarterly average line.
Outlook: Expect the index to swing between roughly 43,500 and 45,500 this week, with money likely rotating into smaller stocks for quick trades until volume picks up.