Taiwan shares close down 1.3%
Taiwan's stock market fell on Wednesday, a bad day for tech investors as losses in the U.S. spilled over.
- The main Taipei index dropped 1.3%, giving back nearly 590 points.
- Tech stocks led the selling after Wall Street closed weaker the night before.
- Trading was heavy, with turnover topping NT$800 billion.
- The U.S. dollar also finished lower against the Taiwan dollar.
Outlook: Taiwan's market will likely keep taking its cue from U.S. tech stocks in the near term.