Taiwan Stock Index Drops 50 Points

The Taiwan benchmark index experienced extreme volatility on Thursday, swinging more than 1,700 points during trading. Despite the massive intraday movement, the index ultimately closed lower amid significant profit-taking by investors. This volatility follows a period of record turnover in the local market. The UK stock market fell 15 points to close at 10,363. The Taipei stock market closed the year with a gain of 684 points, reaching a level of 39,616 points. Foreign investors sold 39.29 billion TWD worth of shares, offsetting domestic buying from investment trusts and self-operated firms. The decline was driven by heavy selling of TSMC shares. Market participants are monitoring potential shifts in AI computing power procurement following reports regarding OpenAI's profitability. The Taiwan stock market experienced volatility, attempting to reach the 40,000-point mark twice before failing to maintain those levels. The Taiwan Stock Exchange index closed at 39,521 points, a decrease of 94 points. The Taipei stock market experienced a pullback of nearly 500 points, representing a decline of approximately 1.2%. The Taiwan stock market experienced volatility during early trading, with the index dropping over 600 points at one stage.