Taiwan Stock Benchmark Falls Over 20% From Peak Into Bear Market

Taiwan’s stock market slid again on Friday, taking its decline from a January high to over 20% and entered a bear market.

The Taiex gauge closed 3.3% lower in Taipei. Taiwan Semiconductor Manufacturing Co., which accounts for more than a quarter of the index’s weighting, declined 4.7% at close amid broad weakness in the chip sector following Micron Technology Inc.’s disappointing forecasts.