Taiwan stocks opened lower on Thursday as the conflict between the United States and Iran escalated, sending oil prices soaring

First published: 09:08

Update time:11:23

Taiwan stocks opened lower on Thursday (10th), opening at 47130.96 points, down 52.4 points. (File photo)

[Financial Channel/Comprehensive Report] Affected by the escalating conflict between the United States and Iran, international oil prices soared above US$100 per barrel. Coupled with Apple's stock price falling and U.S. Treasury yields rising, the three major U.S. stock indexes closed in the black for the third consecutive trading day on Wednesday (9th). Taiwan stocks opened lower on Thursday (10th), opening at 47130.96 points, a drop of 52.4 points. The decline expanded in early trading, once falling 609.89 points to 46573.47 points.

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Electronics stocks and most conventional stocks fell today. Among the major value stocks, TSMC opened down 20 yuan and opened at 2,445 yuan, with the lowest price in early trading being 2,440 yuan. MediaTek opened at 4,560 yuan, which fell 65 yuan, but later rose by 95 yuan to 4,720 yuan. Hon Hai opened down 1.5 yuan and opened at 250.5 yuan, with the lowest price in early trading being 247.5 yuan.

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