Taiwan stocks plunge nearly nearly 4 per cent on Wall Street - Summary

Taipei - Taiwan stocks dropped nearly 4 per cent Tuesday, due to Wall Street falls caused by the US Congress failing to pass a 700-billion-US-dollar bank rescue package. The Taiwan stock market dropped 400 points after opening at 9 am, despite the government unveiling an emergency plan to stabilize the bourse earlier on Tuesday. At one point it plunged 6.5 per cent, but closed at 5,719.28, down 210.35 points, or... [read full story]