Taiwan stocks pull back after record close as Wall Street, yields weigh

  • TAIEX pulled back Tuesday after reaching a record closing high Monday.
  • Ten-year U.S. Treasury yields reached their highest level since 2007.
  • Investors positioned cautiously ahead of the Mid-Autumn Festival holiday.

Taiwan stocks pulled back on Tuesday, September 24, after the TAIEX reached a record closing high the previous day. The decline followed broad losses on Wall Street and a jump in 10-year U.S. Treasury yields to their highest level since 2007, while investors adopted a cautious stance ahead of the Mid-Autumn Festival holiday. The existing account had described a separate 133-point, or 0.3%, decline to 48,025 on Thursday after a record high, alongside weakness in technology, finance and health technology shares; the latest report does not provide a closing level or point change.

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