World’s Worst Stock Rout Deepens as Taiwan Tightens Virus Curbs
- Benchmark Taiex index sinks as much as 4.2% on Monday
- Taiwan reported a record 333 new local virus cases on Monday
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Taiwan stocks slumped, extending their biggest rout in more than a year, as the government tightened restrictions on people and businesses to control its worst outbreak of the coronavirus.
The Taiwan Stock Exchange Weighted Index closed the Monday session 3% lower, having slid as much as 4.2%, as authorities urged companies to allow staff to work from home or split locations after reporting a record 206 new local cases Sunday. The benchmark gauge sank 8.4% last week on concern about the impact on growth, the most since March 2020, turning Taiwan stocks into the world’s worst performers so far this month.